Revolut has started a secondary share sale that would value the British financial technology company at approximately $115 billion, according to a Reuters source familiar with the deal. The sale values Revolut shares at $2,017 each. A company spokesperson confirmed that the transaction is underway but declined to comment on its specific terms, saying Revolut would provide an update after the process is completed.
The new valuation represents an increase of more than 50% from the $75 billion valuation Revolut achieved through another secondary share sale in November 2025.
Revolut was reportedly seeking to facilitate the sale of at least $750 million in shares. The final size of the transaction has not been confirmed and could depend on demand from investors and the number of shares made available by eligible sellers.
A secondary share sale allows employees, founders and early investors to sell existing holdings to new or current investors. Unlike a primary funding round, the proceeds generally go to the selling shareholders rather than directly to the company.
These transactions can provide liquidity before an initial public offering while establishing a new reference value for a privately held business. They can also help companies retain employees by giving them an opportunity to convert part of their equity compensation into cash.
The sale does not necessarily mean Revolut is preparing for an immediate public listing, and the company did not provide an update on potential IPO timing.
At $115 billion, Revolut would remain Europe’s most valuable privately held financial technology company and would carry a valuation greater than the market capitalization of several established publicly traded European banks.
The valuation reflects investor expectations that Revolut can continue expanding its customer base, financial products and international operations. It also demonstrates the premium some investors are willing to place on digital financial platforms capable of offering multiple services through one application.
Revolut was founded in 2015 and operates without a traditional branch network. Its mobile platform provides services such as payments, foreign exchange, banking, investing and other financial products, depending on the customer’s market.
The company’s digital model allows it to serve customers across multiple countries without maintaining the large physical infrastructure associated with traditional retail banks. However, its international expansion also requires Revolut to navigate different licensing, capital, compliance and consumer protection requirements.
The latest share sale comes as private technology companies increasingly use structured secondary transactions to provide liquidity while remaining privately held for longer periods.
For Revolut, the transaction could allow employees and early shareholders to realize gains while bringing additional investors onto the company’s ownership register.
The implied increase from $75 billion to $115 billion in less than a year is substantial. However, a private-market valuation is based on the price negotiated in a limited transaction and may not reflect the price that public-market investors would assign to the entire company.
The final valuation and total value of shares sold will become clearer after Revolut completes the transaction and releases additional details.
