Revolut — Startup Profile
The global money app — one app for all things money
HQ: London, United Kingdom | Founded: 2015 | Employees: 12,200 | Stage: Pre-IPO / Late Stage Private | Website: https://www.revolut.com
About
Revolut was founded in 2015 by Nik Storonsky (CEO), a former Lehman Brothers and Credit Suisse trader, and Vlad Yatsenko (CTO), a former Deutsche Bank developer, to eliminate hidden FX fees for international money movement. Headquartered in London with hubs across Kraków, Porto, Vilnius, Dublin, New York, Dubai and Singapore, the company has scaled from a prepaid FX card to a licensed bank operating in 38 countries and serving 68.3M retail and 767K business customers with $67.5B in balances. Licensed as a bank by the ECB via the Bank of Lithuania and by the UK PRA/FCA with restrictions, Revolut holds 30+ regulatory licences globally.
The platform operates as a financial super-app: Personal accounts in 40+ currencies with interbank FX, fee-free transfers in 29 currencies, Revolut Business for SMEs, Revolut X for stock and crypto trading, Savings Vaults, consumer and business lending, insurance, and lifestyle products such as eSIM. Revenue is diversified across net interest income, interchange, FX markups, subscriptions (Standard/Premium/Metal), trading fees, and lending. FY2025 revenue reached $6B (+46% YoY) with $1.7B net profit—the company's fourth consecutive profitable year—demonstrating that neobanking can scale profitably without branch infrastructure.
The Take
Revolut has become Europe's most valuable private tech company at a $75B valuation (Nov 2025 secondary), leapfrogging legacy banks by combining neobanking scale with fintech profitability. With $6B in FY2025 revenue (+46% YoY), $1.7B net profit, 68.3M retail customers and a full EU banking license, Revolut is no longer a challenger—it is a global bank operating at software margins. Its path to a targeted $115B IPO in 2026 hinges on converting massive scale into sustained profitability while navigating FCA, ECB and multi-jurisdictional regulatory scrutiny.
Key Metrics
- Latest Valuation: $115B (July 2026 secondary)
- Total Funding: $1.7B
- Revenue (FY2025): $6B (+46% YoY)
- Net Profit (FY2025): $1.7B
- Customers: 68.3M retail + 767K business
- Customer Balances: $67.5B
- Employees: 12,200
- Founded: 2015
Funding Rounds
- Round: $1.5M (2015-07-15) — Balderton Capital
- Round: $10M (2016-07-11) — Balderton Capital, Index Ventures
- Round: $16M (2017-07-04) — Index Ventures, Balderton Capital, Ribbit Capital
- Round: $250M (2018-04-26) — DST Global, Index Ventures, Ribbit Capital
- Round: $500M (2020-02-25) — TCV
- Round: $800M (2021-07-15) — SoftBank Vision Fund 2, Tiger Global
- Round: $500M (2024-08-16) — Coatue, D1 Capital Partners, Fidelity
- Round: $600M (2025-11-15) — Coatue, Greenoaks, Fidelity, D1 Capital
- Round: Secondary (~$2,118/share) (2026-07-22) — Undisclosed secondary buyers
Key People
- Nik Storonsky
- Vlad Yatsenko
- Mik Hecq
- Antoine Le Nel
- Sid Jajodia
Key Competitors
- Monzo —
- N26 —
- Wise (formerly TransferWise) —
- Nubank —
- Chime —
- Traditional Banks (HSBC, JPMorgan, Barclays) —
Timeline Highlights
- 2026-07-22: $115B Secondary Valuation
- 2025-11-15: $75B secondary valuation, targeting $115B IPO in 2026
- 2024-07-25: UK banking licence with restrictions granted
- 2021-12-01: ECB banking licence via Lithuania secured
- 2021-07-15: Series E $800M at $33B — UK's most valuable fintech
- 2018-04-26: Becomes a unicorn at $1.7B (Series C $250M)
- 2015-07-01: Revolut founded by Nik Storonsky and Vlad Yatsenko
Recent News
- Revolut's valuation jumps to $115B in secondary sale, up 53% in 8 months (2026-07-22)
- Revolut Hits $75B Valuation in November 2025 Secondary, Europe's Most Valuable Private Tech Company (2025-11-15)
- Revolut Reports $6B Revenue and $1.7B Profit for FY2025 (2026-04-24)
- Revolut Granted UK Banking Licence With Restrictions (2024-07-25)
- Revolut Surpasses 68 Million Retail Customers Globally (2025-07-10)
- Revolut Eyes $115B Valuation at 2026 IPO, Biggest European Listing in Years (2025-12-01)
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