Digital banking giant Revolut completed a share sale valuing the company at $75 billion, marking one of the largest secondary transactions in the fintech sector. The sale led by Coatue, Greenoaks, Fidelity and Dragoneer, with participation from a16z, Franklin Templeton, T. Rowe Price and Nvidia’s NVentures enables employees to liquidate a portion of their equity. This marks the fifth major liquidity event for Revolut’s workforce since its launch in 2015.
The company’s rapid growth is supported by record financial performance. Revolut reported $4 billion in annual revenue for 2024, a 72% jump from the previous year, alongside a 149% increase in profit before tax, which reached $1.4 billion.
Revolut surpasses 65 million customers
Revolut announced it has exceeded 65 million retail customers globally, while its business division reached $1 billion in annualized revenue signaling growing enterprise adoption across its payment, banking and treasury products.
The company has secured new banking licenses in Mexico and Colombia and is preparing to launch operations in India as part of its broader push into emerging markets. Meanwhile, it expanded its regulatory footprint in Europe after receiving authorization from Cyprus’s securities regulator in October to offer crypto services under the EU’s MiCA framework. This approval allows Revolut to provide regulated trading, custody and payments across all 30 EEA member states.
Crypto companies accelerate listings in 2025
Revolut’s rise coincides with a broader wave of digital asset firms moving toward public markets. Stablecoin issuer Circle listed on the New York Stock Exchange in June, while Figure and Gemini made their Nasdaq debuts in September. BitGo filed for an IPO in the United States that same month, and Kraken submitted its own application in November. Digital asset manager Grayscale has also announced plans to pursue an NYSE listing.
A report in September suggested Revolut is exploring a dual listing in London and New York, although the company has provided no timeline for such a move.