Revolut valuation jumps 53% to $115 billion, prepares to launch US bank in 2027

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Revolut has completed a secondary share sale, lifting its valuation to $115 billion, up 53% from a year ago, and is preparing to launch a US bank in 2027. The sale did not bring new funds to the company; it has received conditional approval from the Office of the Comptroller of the Currency to establish a national bank, which it plans to launch in the first half of 2027, pending final regulatory approval. Revolut Business covers Europe, the UK, Singapore, Australia, New Zealand and the US, processing more than £36 billion in transactions each month.