A new valuation wave is sweeping through Europe’s fintech landscape, and at its center sits Revolut – now priced at $75 billion after its latest secondary share sale. The figure pushes the decade-old company into a valuation tier typically reserved for major publicly listed banking groups. For a business that began as a lightweight travel-card app, this jump represents more than an impressive financial milestone; it signals investor confidence that Revolut is evolving into a full-scale global financial institution. As analysts at YourDailyAnalysis observe, “investors are no longer pricing Revolut as a niche neobank, but as an emerging technological infrastructure layer for global finance.”
The structure of the deal highlights just how far the company has come. The transaction was almost entirely secondary, giving liquidity to early employees and shareholders rather than raising fresh capital. Heavyweight backers – Coatue, Greenoaks, Dragoneer and Fidelity – led the round, with participation from Andreessen Horowitz, Franklin Templeton and Nvidia’s venture arm. According to YourDailyAnalysis, this structure carries a nuanced message: “long-horizon, tech-savvy investors reinforce confidence in Revolut’s direction, yet the dominance of secondary sales signals that the market now expects the company to justify the value already created, not rely on continuous new share issuance.”
Revolut’s valuation trajectory has been extraordinary: about $33 billion in 2021, $45 billion in 2024, and now $75 billion–a two-thirds jump in just a year. The new figure places the company ahead of established institutions such as Barclays, Societe Generale and Deutsche Bank–an inversion few in Europe’s banking sector could have predicted five years ago. By our assessment at YourDailyAnalysis, the market is effectively assigning Revolut the valuation multiples of a high-growth tech platform rather than a traditional bank with incremental expansion. With roughly $4 billion in revenue and $1.4 billion in pre-tax profit in 2024, the latest valuation suggests revenue multiples of around 18–19× and profit multiples exceeding 50×.
The fundamentals behind this optimism are solid. Revolut posted 72% revenue growth last year and 149% profit growth, surpassing 65 million retail users worldwide. Meanwhile, the B2B arm – Revolut Business – has reached an annualized run-rate of around $1 billion. This marks a pivotal shift: “Revolut is no longer dependent on FX fees or travel-card margins. It is becoming a multi-layered financial operating system, where consumer payments, wealth services and B2B products scale at near-startup velocity.”
Still, growth alone doesn’t tell the whole story. Regulatory uncertainty remains one of Revolut’s biggest hurdles. The company has yet to secure a full UK banking licence and continues to face increased scrutiny around compliance and governance processes. At the same time, it is expanding its global regulatory footprint – gaining a full banking licence in Mexico, incorporating in Colombia and preparing for market entry in India. From our perspective at YourDailyAnalysis, this reflects a classic dual-track strategy: “when the home regulator is slow to grant full approval, international expansion becomes both a hedge and a pressure-release valve.”
Nvidia’s participation adds another strategic layer. Its fund NVentures joined the round, and Revolut has emphasized plans to deepen AI collaboration in areas such as fraud detection, risk scoring and personalized user journeys. As we note, this goes beyond branding synergy: “for a platform serving tens of millions across jurisdictions, scalable AI-driven risk systems are a prerequisite for entering lending markets.” At the same time, Nvidia’s involvement naturally amplifies the “AI premium,” making it harder to separate fundamental value from thematic enthusiasm.
Beneath the strong financials, Revolut’s business model still carries concentration risks. A significant portion of profits comes from cryptocurrency trading and the current high-interest-rate environment – specifically, the spread between market rates and the interest Revolut pays on client balances. Average deposit levels remain lower than in traditional banks, and executives acknowledge that most users still don’t treat Revolut as their primary account. This renders part of its profitability cyclical. As we at YourDailyAnalysis emphasize, the company is vulnerable to a “double-squeeze”: a downturn in crypto activity combined with falling global interest rates could materially pressure margins.
Revolut’s leadership, however, is aiming beyond a yield-and-crypto-dependent model. The company is preparing to ramp up consumer lending, mortgage products and eventually business loans. There has even been discussion of acquiring a US bank to accelerate expansion in the world’s most competitive retail-finance market. As we describe it, “this is the riskiest yet potentially most transformative stage of Revolut’s roadmap – credit markets reward precision and penalize mispricing with extraordinary speed.”
This latest transaction places Revolut at an inflection point for Europe’s fintech sector. A $75 billion valuation positions it above many legacy banks, but also raises the bar for what investors now expect. The market wants Revolut to demonstrate that its rapid growth can translate into durable banking infrastructure: stable deposits, diversified revenue streams, clean regulatory relationships and a risk-management framework that can withstand both market cycles and compliance shocks. In the words of YourDailyAnalysis, “in the short term, Revolut appears to be a clear winner – employees gained liquidity, institutional backers secured stakes in Europe’s flagship fintech, and management validated its strategic direction. In the medium term, the real test will be proving it deserves to be valued like a global bank rather than a fast-moving financial app.”
For investors, the story is one of high potential matched by high execution risk. For customers, it signals that their everyday app is steadily evolving into a deeper layer of global financial infrastructure. And for us at Your Daily Analysis, Revolut’s next chapter will determine whether Europe has finally produced its first truly global banking-technology giant.
