Revolut Launches Secondary Share Sale at $115B Valuation, Tripling in Two Years

Revolut has confirmed a new secondary share sale valuing the fintech giant at a reported $115 billion — up from $75 billion just last year. The sale gives employees a rare liquidity event as Revolut continues its aggressive global expansion.

Revolut has confirmed it is running a secondary share sale, with Bloomberg reporting the transaction values the London-based digital bank at $115 billion — making it one of the most valuable private companies in the world. Individual shares are reportedly priced at $2,017 each.

The company issued a measured confirmation: "We can confirm that a secondary share sale process is underway. As is standard, we won't comment on the details while the process is ongoing, and we'll provide an update once it has completed."

A Rapid Valuation Climb

The scale of Revolut's valuation growth is striking:

$45 billion — 2024 secondary transaction
$75 billion — 2025 secondary transaction
$115 billion — current reported valuation (2026)

That's more than a 2.5x increase in two years, driven by what CEO and co-founder Nik Storonsky described in an internal message to staff as "strong fundamentals" and "continued expansion into new markets."

"I'm glad that you now have another opportunity to realise liquidity on your shares. Revolut's momentum over the past twelve months, underpinned by the strong fundamentals of the business and our continued expansion into new markets, has attracted significant demand from new and existing investors." — Nik Storonsky, CEO, Revolut

Why Secondary Sales Are Having a Moment

With the IPO market still largely frozen for high-growth tech companies, secondary share sales have become the practical alternative for letting employees and early investors realize gains without going public.

Revolut now has over 75 million retail customers globally — a significant base that gives investors tangible traction to price against. Earlier this year, the company also secured a UK banking licence after a long regulatory process, adding institutional credibility to its growth story. It has also filed for banking licences in the US and France, signaling serious intent to move beyond its neobank roots.

What This Means for Founders and Operators

For startup founders watching this play out, there are a few clear takeaways:

Secondary sales are becoming a legitimate liquidity mechanism, not just a stopgap. If your cap table includes employees sitting on significant unrealized gains, structuring a secondary round is increasingly normalized — and expected.
Valuation momentum matters to investors even without revenue multiples on the table. Revolut's ability to command $115B is built on customer scale, regulatory wins, and geographic expansion — a combination of signals any growth-stage founder should study.
A banking licence changes the game. Revolut's UK licence unlocks deposit-taking and lending at scale in a core market. Its pending US and France applications suggest the company sees regulated banking — not just payments infrastructure — as its long-term moat.

The Bigger Picture

Revolut sits alongside Stripe, Klarna, and Chime as the cohort of fintech companies large enough to have their own gravity — attracting new institutional investors through secondaries rather than waiting for public markets to recover. Klarna recently went public; Revolut appears in no rush to follow, using each secondary round to build investor relationships on its own terms.

For any early-stage fintech or SaaS company watching this, the lesson is practical: IPO readiness and liquidity are no longer the same thing.