At $115bn, Revolut has roughly doubled its price tag in about two years, the fintech confirmed after wrapping up a secondary share sale. The deal, which traded existing shares rather than issuing new ones, keeps the London-based company sitting as Europe’s most valuable private technology business.

The round was led by Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price and Baillie Gifford. It handed current staff and investors a chance to sell down holdings, priced at roughly $2,017 a share. No new money was raised and Revolut would not say how much changed hands.

With more than 80m retail customers across the world, the firm said the sale pulled in both familiar backers and fresh global names. The new valuation lands after a run of banking licence approvals, among them wins in the UK and Europe.

The jump builds on a steep climb. Secondary deals last year valued Revolut at $75bn, itself up from $45bn in 2024. Rather than go public, the company has used these employee share sales to set its worth and with no listing expected before 2028 at the earliest, they have become its main route to a price.

Founder and chief executive Nik Storonsky linked the sale to the company’s growth plans. “Every bank we launch means more people get a better way to manage their money, wherever they live,” he said. “That’s why we’ve once again given them the chance to share in the value they’ve created, as we work towards our next milestone of serving 100 million customers.”

The company’s chief financial officer said this year’s progress had been long in the making, with the confidence of existing and new investors reflecting Revolut’s opportunity to build the first truly global bank.