Revolut valued at $115bn after global expansion and new funding round

Revolut has been valued at $115 billion following a fresh fundraising round led by investors including Glade Brook Capital Partners, Coatue and Durable Capital Partners.

The UK‑based fintech expanded its operations this year, launching banks in the United Kingdom, Mexico, Australia and New Zealand and securing banking licences in France, Colombia and Argentina. It also received conditional approval to offer banking services in the United States.

Revolut now serves 80 million retail customers worldwide and operates banking services across 30 EU markets, with 3.4 million customers in Ireland.

The company announced a pilot physical store in Barcelona, describing it as a “new format built for how modern customers engage with brands today”, rather than a traditional branch.

In August the neobank introduced a stablecoin and, in partnership with Google, began offering agentic commerce services. Its latest annual report showed revenue up 46 % to $6 billion and pre‑tax profit rising 57 % to $2.3 billion.

Earlier in the year a data breach exposed personal information of around 680 customers globally, including 12 in Ireland, and hackers demanded a $3 million cryptocurrency ransom.

Source: Silicon Republic. Photo: myHQ-Workspaces / Pexels.