Revolut company profile: valuation, funding & revenue

This Revolut company profile covers the company's valuation, revenue, funding rounds, investors and history. Revolut works in fintech, with a focus on digital banking. It was founded in 2015 and is headquartered in London, England, United Kingdom. Its latest valuation on record is About US$115 billion (employee secondary share sale) (July 2026). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

About US$4.0 billion (about £3.1 billion), up 72% — Annual revenue, 2024 (company-reported), as of 2024. Source: Tech.eu.

Funding history

Revolut timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2015 — Revolut is founded in London by Nik Storonsky (CEO) and Vlad Yatsenko.
• Aug 2024 — Secondary share sale: Not disclosed, valuing the company at US$45B.
• Nov 2025 — Secondary share sale: Not disclosed, valuing the company at US$75B. Investors: Coatue, Greenoaks, Dragoneer, Fidelity, NVentures (NVIDIA), Andreessen Horowitz.
• Jul 2026 — Secondary share sale: Not disclosed, valuing the company at About US$115B. Investors: Existing and new investors buying employee shares.
• 2024 — Profit before tax: About US$1.4 billion (about £1.1 billion) in 2024, up 149%.
• November 2025 — Customers: More than 65 million worldwide.
• November 2025 — Business division: US$1 billion in annualised revenue.

Investors

Overview

Revolut is a London-based financial app that started as a way to spend abroad without paying high foreign-exchange fees and has grown into one of the largest digital banks in the world. Its app offers multi-currency accounts, cards, money transfers, savings, stock and crypto trading, insurance, subscriptions and business accounts. It operates in dozens of countries and has more than 80 million customers.

Nik Storonsky, a former derivatives trader, and Vlad Yatsenko, an engineer, founded Revolut in 2015. Storonsky is CEO. The company is known for its aggressive growth, fast product launches and demanding culture, and for having become profitable at scale, something many digital banks have struggled to achieve.

How Revolut makes money

Revolut has a broad mix of revenue sources, which is part of what makes it resilient:

• Card payments: interchange fees when customers spend.
• Foreign exchange: fees and spreads on currency conversions, especially outside free allowances.
• Subscriptions: paid plans with extra features and benefits.
• Interest income: earnings on customer balances and lending products.
• Wealth and trading: fees on stock, crypto and commodity trading.
• Business accounts: a growing division with its own fees and services, which the company said reached US$1 billion in annualised revenue.

No single source dominates, which helped Revolut keep growing as interest rates and crypto markets changed.

Revenue and profit

Revolut publishes annual results, which is why we can show revenue and profit. For 2024:

• Revenue: about US$4.0 billion (about £3.1 billion), up 72%.
• Profit before tax: about US$1.4 billion (about £1.1 billion), up 149%.

Coverage expresses these figures in dollars or pounds, depending on the outlet; the underlying results are the same. A profit margin before tax of roughly a third of revenue is high for any bank, let alone one that's still expanding rapidly into new countries.

Valuation history

Revolut's recent valuations have been set through secondary share sales, where investors buy shares from existing holders, including employees:

• August 2024: about US$45 billion.
• July 2026: about US$115 billion in an employee share sale.
• November 2025: US$75 billion, with investors including Coatue, Greenoaks, Dragoneer, Fidelity, NVIDIA's venture arm NVentures and Andreessen Horowitz. Revolut didn't disclose how much was sold.

The 2025 sale was the fifth time Revolut let employees sell shares, a strong retention tool for a company that has stayed private for a decade. Our guide to selling startup shares before an IPO explains how these programs work.

The banking licence

For years, Revolut operated in the UK as an e-money institution, which limited what it could offer, while it held banking licences in other jurisdictions such as Lithuania. Getting a full UK banking licence became a major milestone. In 2024 it received a UK banking licence with restrictions, entering a "mobilisation" period during which new banks build out their operations before launching fully. Completing that process allows it to offer deposit protection and lending in the UK on the same basis as other banks. Check the latest status, as this has been evolving.

Competitive landscape

Revolut competes with traditional banks, other digital banks such as Monzo, Starling and N26, money transfer specialists, and trading and crypto apps. Its advantages are scale, international reach, product breadth and profitability. Its risks include regulatory scrutiny in many countries, the cost of compliance as it grows, and competition from banks improving their own apps.

Why Revolut matters as a benchmark

Revolut shows what a fintech can become when it combines a global consumer app with a bank-like business model and reaches profitability. Its valuation, at roughly 19 times 2024 revenue, is much higher than traditional banks', reflecting investors' view of its growth and technology. Compare it with Canadian digital finance companies such as Wealthsimple and KOHO to see how scale changes valuations.

What to watch next

Watch the completion of its UK banking launch, expansion into new markets such as the US, India and Latin America, growth in lending and business accounts, and IPO plans. With profits above US$1 billion, a listing is widely expected eventually, though the company hasn't committed to a date or venue.

Key facts at a glance

Revolut is a London financial app and digital bank founded in 2015 by Nik Storonsky and Vlad Yatsenko. In 2024 it reported revenue of about US$4.0 billion (up 72%) and profit before tax of about US$1.4 billion (up 149%). A November 2025 secondary share sale valued it at US$75 billion, up from US$45 billion in August 2024. An employee share sale in July 2026 valued it at about US$115 billion, and it reported 2025 profit before tax of about £1.7 billion. It says it has more than 80 million customers.

Revolut's international expansion

Unlike most digital banks, which focus on one home market, Revolut was international from early on. Its multi-currency accounts appealed to travellers and people living across borders, and it launched in many European countries quickly using licences that allowed it to operate across the European Economic Area. It has since expanded into markets including Australia, Japan, Singapore, the US and Brazil, with varying levels of product and licensing in each. International reach gives Revolut a much larger potential customer base than single-country banks, but it also multiplies regulatory work, since each country has its own rules for banking, payments, lending and investments.

Questions to ask as a Revolut customer

• Which Revolut entity holds your account, and what deposit protection applies in your country?
• What are the limits on free currency exchange and ATM withdrawals on your plan?
• How are investments and crypto held, and what protections apply to them?
• What fees apply at weekends or for less common currencies?

Reading the fee schedule for your specific plan before travelling or making large transfers avoids most surprises. Fees and allowances can change, so check them periodically rather than relying on what applied when you first signed up.

Keep a note of the plan you are on, because benefits differ between tiers and can change over time.

What this means if you're…

A customer: check which entity holds your account in your country and what deposit protection applies, since it varies by jurisdiction and product.

A fintech founder: Revolut's diversified revenue is a lesson in resilience; relying on one fee type leaves you exposed when markets change.

An investor or analyst: Revolut is a key comparable for valuing digital banks and consumer fintech.

Latest developments (October 2026)

Revolut's valuation rose again in July 2026. An employee share sale priced the company at about US$115 billion, according to Sifted, up from US$75 billion in November 2025. The group reported record pre-tax profit of about £1.7 billion for 2025 and says it has more than 80 million customers. The Financial Times, as summarised by Yahoo Finance, reported that Revolut is aiming for a US$150 billion to US$200 billion valuation at an eventual IPO, but not before 2028. See our digital banks guide.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. Sifted
2. Tech.eu
3. Crunchbase News