Revolut post record growth as fintech eyes $75 billion valuation and US expansion

Revolut has posted a 46% jump in quarterly revenue as it prepares for a fresh fundraising round that could value the London-based fintech at $75 billion.

The company’s growth reflects its rapid expansion into new regions and its ambition to become one of the top three financial apps globally.

Investor documents reveal that Revolut has generated record monthly revenue in recent months, putting it on course to deliver annual revenue exceeding £4.1 billion.

Alongside this, the firm is exploring a major move into the US market, including a potential bank acquisition.

Revolut revenue climbs to £1.01 billion in Q2 2025

According to Bloomberg, Revolut’s revenue rose to £1.01 billion in the second quarter of 2025, compared with £694 million in the same period last year.

The results indicate accelerating growth, with July revenue at £373 million followed by £410 million in August.

These figures put Revolut on track to surpass the £3.1 billion it generated in 2024, when it also reported a record pretax profit of £1.1 billion.

The fintech, which already serves over 60 million customers, has expanded beyond Europe into Latin America, the Middle East, and Asia.

Its latest investor update outlines an ambition to become one of the top three financial apps in every market it enters, further underlining its global push.

Fundraising round dubbed ‘Project Athens’

Revolut’s upcoming fundraising round, internally codenamed “Project Athens,” has a deadline for expressions of interest this week, according to people familiar with the matter.

The round is expected to cement its valuation at $75 billion, positioning it among the most valuable fintech companies worldwide.

The company recently offered to repurchase up to 10% of its shares from eligible investors in a tender offer.

At the same time, Revolut has been in discussions with employees about a secondary transaction that would allow staff to sell their shares, also valuing the company at $75 billion.

These developments indicate sustained investor demand for Revolut’s stock and growing interest in its expansion strategy.

US market entry and $500 million investment plan

As part of its global growth strategy, Revolut is weighing the acquisition of a US bank to accelerate its expansion in the country.

It is considering acquiring a US bank or applying for its own banking licence, according to previous reports.

The investor documents show that proceeds from the fundraising could be channelled towards this US move, which is set to play a pivotal role in the company’s growth trajectory.

In line with these plans, Revolut has announced an investment of more than $500 million in the US over the coming years, aimed at creating hundreds of jobs.

The announcement coincided with preparations for President Donald Trump’s state visit to the United Kingdom, underscoring the significance of US-UK financial ties.

Revolut’s management has emphasised that the US remains a central pillar of its international strategy.

Expanding global footprint with record growth

Revolut’s ability to deliver back-to-back record monthly revenues highlights the strength of its expansion into diverse markets.

Investor documents show that August’s £410 million revenue was its highest monthly figure yet, building on July’s strong performance.

The company’s strategy of combining product diversification with rapid international rollout has allowed it to maintain momentum in both established and emerging markets.

The growth trajectory signals that Revolut could surpass £4.1 billion in revenue for 2025 if the current trend continues.

This would represent a significant step up from last year’s performance and mark another milestone in its journey from European fintech startup to global financial services provider.