Revolut’s valuation jumps 53% to $115B in new share sale as it prepares to launch US bank
- ID
- 42945
- Status
- summarized
- Published
- 04 Nov 2026, 10:10 PM
- Fetched
- 05 Nov 2026, 1:04 AM
- Provider
- TechCrunch
- Category
- technology
- Original URL
- https://techcrunch.com/2026/11/04/revoluts-valuation-jumps-53-to-115b-in-new-share-sale-as-it-prepares-to-launch-us-bank/
- Source URL
- https://techcrunch.com/feed/
Summary
- Score
- 4.5
- Created
- 05 Nov 2026, 1:05 AM
- Tags
- Audience
- saas_startup_foundersdevelopers
What happened
Revolut's investors closed a secondary share sale valuing the London fintech at $115B, 53% above its price a year ago, with buyers including Coatue, Durable Capital, T. Rowe Price and Baillie Gifford — and no new money going into the company. The company reports 38% profit margins on $6B of 2025 revenue and 80M+ retail customers across 40+ countries, and says it has conditional OCC approval for a US national bank targeted for the first half of 2027. Its business banking arm, launched 2017, is now about 20% of gross profit and processes over £36B (~$48.6B) monthly across Europe, the UK, Singapore, Australia, New Zealand and the US.
Why it matters
The number worth stealing is the mix, not the valuation: business banking is ~20% of gross profit and moves £36B/month, while consumer is the customer-acquisition funnel — if you are building fintech in Malaysia, the profitable wedge described here is business accounts and cross-border transaction volume, not consumer wallets. Note that Singapore is the only Southeast Asian market named for Revolut Business and the US bank is a 2027 target, so this text gives no signal of a Malaysian launch or licence move; treat any local-entry narrative as unsupported by this article.
Discussion angle
A 53% valuation markup in a secondary sale that raises zero primary capital — what does that say about late-stage liquidity right now, and would a Malaysian founder chasing a digital bank licence be better off copying Revolut's business-banking margin (20% of gross profit) than its consumer growth story?