Revolut Eyes 200 Billion Pound Valuation in 2028 IPO

London-based fintech company Revolut is aiming for a valuation of up to 200 billion pounds in a potential initial public offering no earlier than 2028, according to investors briefed on the company's plans. The target, discussed internally and with stakeholders but not formally set, comes as the firm builds momentum through strong financial growth and regulatory expansions following a recent secondary share sale that valued it at 75 billion pounds.

Revolut's ambitions reflect its rapid expansion from a digital payments app into a comprehensive banking platform. In 2025, the company reported revenue of 4.5 billion pounds, a 46 percent increase from the previous year, while pretax profit rose 57 percent to 1.7 billion pounds. Retail customers grew 30 percent to 68.3 million, business users increased 33 percent to 767,000, and total customer balances climbed 66 percent to 50.2 billion pounds. These figures underscore Revolut's scaling operations, which now include multicurrency accounts, stock trading, insurance, and cryptocurrency services.

Key to the company's strategy are recent regulatory milestones. In March 2026, the UK Prudential Regulation Authority granted Revolut a full...