Revolut has completed a secondary share sale that values the company at $75 billion, a big step up from its $45 billion valuation in a similar round last year. The deal, finalized on November 24, 2025, lets existing shareholders, mainly employees and early investors, sell shares to a group of institutional buyers.
The investor list includes Coatue, Greenoaks, Dragoneer, Andreessen Horowitz, and Nvidia’s venture arm, which is joining Revolut’s cap table through this transaction. The size and quality of participation make the message abundantly clear. Top growth investors still want exposure to scaled digital finance platforms, even in a tougher funding market.
What This Deal Is (and Isn’t)
This wasn’t a typical funding round where a company raises new capital to spend on growth. Revolut didn’t meaningfully increase its share count here. Instead, it ran a secondary sale, meaning current holders sold stock at a newly agreed price, reported around $1,381 per share.
Employees were allowed to sell up to roughly 20% of their vested shares, continuing Revolut’s approach of offering periodic liquidity without going public. The main effects are straightforward: employees get a chance to cash out part of what they’ve built, new investors buy into Revolut at a higher valuation, and Revolut stays private while still refreshing its shareholder base.
Why Investors Are Buying Now
Revolut keeps growing into something closer to a full-service financial platform. It started with FX and card services, but now covers payments, multi-currency accounts, investing, crypto access in some markets, and travel-related features. In many regions it’s pushing deeper into core banking services, and its customer base has grown into the tens of millions worldwide.
Nvidia’s participation is also worth noting. It doesn’t automatically mean a formal partnership, but it fits a broader view among tech investors that consumer finance platforms with massive user bases could become major AI-enabled front doors for everyday money management.
What This Means for Revolut
A $75 billion valuation puts Revolut among the most valuable private tech companies in Europe and in the same broad market-cap neighborhood as some public banks, even though it is still private. Beyond the headline number, this round helps Revolut in a few concrete ways. Its compensation model leans heavily on equity, so giving employees a real liquidity window boosts morale, improves retention, and keeps the company competitive for global talent. Structurally, regular secondary sales also relieve pressure to rush into an IPO just to provide liquidity, allowing Revolut to wait for better market conditions or clearer regulatory footing. And at a signalling level, a valuation of this size changes how regulators, partners, and customers view the business. Revolut is no longer seen only as a fast growing fintech, but as a serious financial institution that is steadily moving toward global banking scale.
The Bigger Fintech Picture
This round is also a useful signal for the fintech market overall. It pushes back on the idea that private fintech valuations are permanently stuck in a post-2021 slump. Instead, the market seems to be splitting into two: mid-tier fintechs with weaker economics are being repriced down or staying flat, while category leaders with real scale are still attracting strong demand and higher valuations. Revolut is firmly in that second camp, and this deal helps reset expectations for how big European fintech companies can get.
Risks Still Matter
A higher valuation doesn’t remove the hard parts for Revolut. The company’s next stage still comes with real execution risk, especially as it moves further into regulated banking. Becoming a true bank at scale requires heavier compliance, tighter risk management, and more capital discipline than running a fast-growing app. Revolut has made progress on this front, including getting closer to full banking status in the UK after a long period of regulatory scrutiny, but scaling that model across markets is a different challenge.
Simultaneously, operating globally means dealing with a patchwork of rules that vary by country, particularly in areas like crypto, lending, consumer protection, and data. And the higher the valuation goes, the more demanding expectations become. At $75 billion, investors are pricing in continued strong growth, deeper product adoption, and eventual readiness for public markets, so any slowdown or stumble will stand out much more than it would at a lower valuation.
Bottom Line
This secondary sale feels like an IPO milestone without the IPO. Revolut is showing it can command mega-cap pricing in private markets, keep employees rewarded, and bring in top tier investors, all while staying private for now.
If Revolut keeps expanding in the U.S., pushes further into regulated banking, and turns its massive user base into steady multi product revenue, a future listing could be one of the defining fintech IPOs of this decade. For now, this $75 billion valuation is a strong marker of where Revolut sits, not just a European standout, but a genuine global contender.
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