Revolut has secured its latest milestone valuation following a funding round that included fresh injections from investment giants.

The digital banking giant confirmed on Wednesday its price tag has swelled by over 50 per cent to $115bn after a transaction led by Glade Brook Capital Partners, Coatue and Durable Capital Partners.

It is the first funding round since Revolut landed a string of new licence approvals, including its coveted UK banking permit.

The fintech landed the final green light from the UK’s banking watchdog in March, giving it permission to formally start lending in its home market.

Over the last year it was also granted permits from the European Central Bank and cleared a key hurdle to obtain its American national bank charters. This week, the group said it had obtained a new licence in New Zealand.

Revolut posted a 57 per cent surge in group-wide profit to £1.7bn in 2025 after users swelled to 68.3m. The firm said passed the 80m mark.

Revolut’s blockbluster IPO ‘two years away’

“Every bank we launch means more people get a better way to manage their money, wherever they live. Our team makes that happen, and employee ownership has been central to our culture from day one,” Nik Storonsky, chief executive of Revolut, said.

“That’s why we’ve once again given them the chance to share in the value they’ve created, as we work towards our next milestone of serving 100 million customers.”

The latest valuation increase is set to ramp up speculation for Revolut’s blockbuster IPO. Storonsky said earlier this year the public debut was “two years away”.

The fintech chief has also said he “prefers” the US market, but the group was exploring a dual listing in New York and London.

“We have the choice between selling in a small market with few buyers, or in a gigantic market with a huge number of buyers who will compete fiercely for our shares. Therefore, yes, we prefer the United States,” he told French newspaper Les Echos in September.

A dual listing would hand a major boost to the London market, and follow suggestions that Revolut could swerve Britain altogether.

In 2024, Storonsky said that it was “not rational” for the fintech to list in London, arguing that the UK’s market “can’t compete” with the liquidity offered by the US.