Revolut’s investors have completed a secondary share sale that values the British fintech at $115 billion, 53% more than the price tag it had gained in another share sale a year ago, as the company prepares to launch a U.S. bank in 2027.
Investors including Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, and Baillie Gifford led the share sale, which brought no new money into Revolut. The company declined to say how much stock was sold.
Founded in 2015 by Nik Storonsky and Vlad Yatsenko, Revolut has grown from a money-transfer app into a financial services platform with more than 80 million retail customers across over 40 countries. It has established banking operations across Europe, and launched banks in the U.K., Mexico, Australia and New Zealand this year, as well as secured banking licenses in France, Colombia and Argentina.
The company also began rolling out financial services in India earlier this year, and has received conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national bank, which it plans…