Cryptocurrency-friendly digital bank Revolut has been valued at $115 billion in a secondary share sale, raising the company’s valuation by 53% in less than a year.
The company priced the shares at $2,017 each, according to an internal message from CEO Nik Storonsky reported by The Wall Street Journal. The transaction allows employees and other existing shareholders to sell shares rather than raise new capital for Revolut.
The valuation has more than doubled from $45 billion in 2024 and makes Revolut the most valuable private company in Europe, a significant increase from the $75 billion valuation seen in November last year.
It also puts the company above rival banking giants such as Barclays, whose market value is about $95 billion, although with the caveat that Revolut’s price is based on a private transaction the size of which has not been disclosed.
Revolut reported $2.3 billion in pre-tax profits for 2025, an increase of 57%, while revenue rose 46% to $6 billion. Since then, its customer base has surpassed 75 million.
The company’s main app allows its users to trade over 200 crypto tokens, transfer assets to external wallets and staking, while the company also runs its own independent crypto exchange called Revolut X.
