According to Fixygen, the British fintech company Revolut, whose private valuation has reached $115 billion, is considering the United States as the primary market for its upcoming initial public offering (IPO). The company is open to a simultaneous listing in New York and London, but is prioritizing the U.S. stock market due to its greater liquidity and access to international investors.
Revolut founder and CEO Nick Storonsky confirmed in an interview with Bloomberg TV that the company is interested in conducting its primary listing in the U.S. if it decides to go public.
“This has always been our goal, given the high liquidity of the U.S. market,” Storonsky said.
Previously, Revolut’s management had considered a dual listing on the U.S. Nasdaq and the London Stock Exchange. The new statement clarifies the company’s priority but does not signify a definitive rejection of the British trading platform.
At the same time, an IPO is not expected before 2028. Storonsky had already mentioned these tentative timelines back in April 2026, noting that public company status could help boost customer and investor confidence in the financial institution.
The decision regarding the future offering will depend on market conditions, the company’s financial performance, and compliance with regulatory requirements.
In July 2026, Revolut launched a secondary sale of shares held by employees and early investors, in which the company was valued at $115 billion. According to Reuters, the price per share was $2,017.
The new valuation exceeded the November 2025 figure by more than 50%, when Revolut was valued at $75 billion following a similar transaction.
Thus, in just eight months, the company’s private valuation increased by approximately $40 billion.
At this valuation, Revolut surpassed the market capitalization of a number of major European financial groups, including Britain’s Barclays and France’s Société Générale, based on figures at the time of the transaction.
At the same time, a private company’s valuation is not equivalent to its market capitalization. During an IPO, the final share price will be determined by investor demand and the business’s financial prospects.
The move into the U.S. stock market is linked to Revolut’s plans to significantly expand its banking operations in the United States.
On September 3, 2026, the company announced that it had received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish Revolut Bank US, a national bank.
To fully launch the banking institution, the company still needs to complete the approval process with the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve System, and the OCC.
Revolut expects to meet the necessary requirements and launch its U.S. bank in 2027.
Once it receives final approvals, the company plans to offer U.S. customers deposit accounts, credit cards, consumer loans, and other banking products.
According to Storonsky, Revolut intends to compete in the U.S. market with major financial institutions, including JPMorgan Chase and American Express.
The transition to a full-fledged banking model will allow the company to diversify its revenue streams by expanding lending and attracting deposits. At the same time, expanding the lending business will require additional investments in capital, risk management, and compliance with banking regulations.
Throughout 2026, Revolut also achieved significant milestones in the development of its European banking business.
On March 11, the British regulator, the Prudential Regulation Authority, allowed Revolut Bank UK Ltd to complete the transitional licensing phase and begin full-fledged banking operations in the United Kingdom.
The company gained the ability to offer bank accounts with deposit protection through the UK’s Financial Services Compensation Scheme (FSCS). At the time of the announcement, Revolut had approximately 13 million customers in the UK.
On August 10, 2026, Revolut received a full banking license in France following approval from the French regulator ACPR and the European Central Bank.
The company also plans to invest over €1 billion in business development in Western Europe. In particular, the company plans to open a new regional office in Paris in early 2027.
According to Revolut, as of September 2026, the company had more than 80 million customers worldwide.
The prospect of one of Europe’s most valuable fintech companies going public on a U.S. stock exchange is significant for the British financial market. London is competing with New York to attract large technology companies seeking access to a broad base of institutional and retail investors.
For Revolut, the advantage of the U.S. lies not only in the liquidity of the stock market but also in the opportunity to expand its presence in the world’s largest financial services market.
At the same time, with a dual listing, the company will be able to maintain its presence on the London Stock Exchange, even if the bulk of trading in its shares takes place in the U.S.
Revolut was founded in 2015 by Nick Storonsky and Vlad Yatsenko. The company began as a mobile app for currency transactions and international payments, and later expanded its range of services to include bank accounts, payment cards, international money transfers, investment instruments, cryptocurrency transactions, and financial products for businesses. The company is headquartered in London.
According to Fixygen, the British fintech startup Revolut has launched the EURR, a stablecoin pegged to the euro, Bloomberg reports, citing a company statement. The issuer of the EURR is Bridge, a company owned by the American firm Stripe. Bridge will also own and manage the assets backing this stablecoin.
Initially, it will be available to a limited number of Revolut customers in Denmark, Poland, and Portugal, and later this year, the startup plans to expand access to other markets in the European Economic Area (EEA).
EURR will be integrated into the Revolut app and will allow users to exchange euros for cryptocurrency—and vice versa—directly on the blockchain.
The company calls this launch the first step in its stablecoin strategy, which includes the launch of tokens pegged to other currencies as well.
“Revolut started by eliminating hidden fees and barriers to currency exchange,” the company said in a statement. “Now we’re doing the same with cryptocurrency.”
The financial news and analysis platform Finance Magnates, citing official documents, reports that EURR was launched on August 20 and is marketed as Revolut Euro. According to the report, the stablecoin is available in the Revolut retail app and on the Revolut X cryptocurrency exchange. As of Tuesday, only 374 EURR were in circulation, backed by reserves of 374 euros.
Revolut was founded in 2015 in London by Mykola Storonskyi (a graduate of the Moscow Institute of Physics and Technology and the Russian Economic School) and Vladislav Yatsenko. The company serves over 80 million retail and 800,000 business customers worldwide. It operates as a bank in more than 30 countries.
In 2024, Revolut became Europe’s most valuable private tech company, with a valuation of $45 billion, and last year it reaffirmed this status by increasing its valuation to $75 billion.
Revolut, a neobank that officially announced the start of its operations in Ukraine in February this year, warned Ukrainian customers on Monday that it will be forced to close their accounts on February 22, 2026.
“In accordance with local regulations, we regret to inform you that we will no longer be able to provide our services to residents of Ukraine,” according to messages sent by the bank to users and reviewed by Interfax-Ukraine.
It is noted that for two months, it will still be possible to use accounts as usual, but after February 22 next year, it will only be possible to withdraw the balance from the account via an external bank transfer. In addition to withdrawing all balances, customers are advised to download account statements, as they may be needed for records or for other financial institutions in the future.
“Although we are currently unable to provide services to residents of Ukraine, we remain committed to making them available in the future and will communicate any changes if the situation changes,” the messages note.
As reported, on February 11, 2025, after a month and a half of beta testing, British fintech Revolut officially entered the Ukrainian market on the basis of a license issued by the European Central Bank to Revolut Bank UAB (Lithuania). At the same time, two weeks later, the National Bank of Ukraine (NBU) noted the need for the fintech to obtain a license to operate in Ukraine, which Revolut planned to obtain later.
In April, NBU Deputy Head Dmytro Oliynyk stated that the National Bank was interested in Revolut’s entry into the Ukrainian market, but within the framework of legislative and regulatory requirements, and was therefore in dialogue with it about obtaining a banking license. In an interview with NV Business, he said that, according to the regulator’s estimates, Ukrainians had opened up to 100,000 accounts with Revolut.
Monobank, the largest Ukrainian neobank and the second largest in terms of retail card customers in Ukraine, opposed Revolut’s entry into the Ukrainian market without obtaining a license.
Revolut was founded in 2015 in the UK and is headquartered in London.
