How much has Revolut raised?

Revolut has raised on the order of $2 billion in primary equity across its Series A through Series E rounds, the largest being the $800M Series E in July 2021. Earlier rounds were comparatively small: an ~£6.5M Series A in 2016, $66M (Series B, 2017), $250M (Series C, 2018) and $580M (Series D, 2020).

Since 2021 the company has not raised fresh primary equity. Its 2024 and 2025 capital events were secondary share sales — existing shares changing hands to give employees liquidity — so they raised no new money for the balance sheet but reset the valuation to $45B and then $75B. A further secondary at a reported $100B-plus is said to be planned for late 2026.

Balderton Capital was the earliest believer, leading the seed and Series A, with Seedcamp among the very first backers. Index Ventures (Series B), DST Global (Series C) and TCV (Series D) scaled it through unicorn status, with Ribbit Capital a recurring fintech specialist.

The marquee names arrived at Series E, where SoftBank Vision Fund 2 and Tiger Global co-led the $33B round. The recent secondaries pulled in crossover and sovereign capital — Coatue, Greenoaks, Dragoneer, Fidelity, D1 Capital Partners, and even Nvidia's NVentures, Andreessen Horowitz, Franklin Templeton and T. Rowe Price — investors who buy into category-defining, late-stage compounders ahead of an IPO.

Unlike many 2021-vintage fintechs that took down-rounds, Revolut's valuation has only gone up: $33B (2021) to $45B (2024) to $75B (2025). The reason is fundamentals — revenue grew from $1.1B (2021) to $6.0B (2025) while the company turned sharply profitable, posting $2.3B pretax profit in 2025 on a 38% margin.

Profitability plus banking licences (full UK approval in March 2026, a US charter application pending) de-risked the story enough that investors marked it up rather than down. Reports in 2026 suggest an eventual IPO could target $150–200 billion, with a 2026 secondary potentially crossing $100B first.

Yes — Revolut is solidly profitable, and 2025 was its fifth consecutive year of net profit. It posted its first full-year net profit milestone in 2024 ($1.0B net) and grew to $1.7B net profit ($2.3B pretax) in 2025, funding expansion from cash flow rather than dilution.

Management has guided to a public listing around 2028, with the full UK banking licence and a pending US charter seen as prerequisites. The FT and others have reported an IPO valuation target of $150–200 billion, and management has guided to roughly $9B revenue and $3.5B profit for 2026.

A profitable, $75B company sitting on $67.5B of customer balances and growing headcount ~23% a year is a buyer with real budget — not a cash-constrained startup rationing spend. New licences and continued profit fund expansion into 40+ markets, banking infrastructure, lending, and compliance, each of which opens fresh vendor budgets.

Procurement is maturing fast as Revolut becomes a regulated bank: expect rigorous security, risk and compliance reviews, longer cycles, and decisions owned by functional VPs (banking, risk, engineering) rather than founders. Tie your pitch to regulatory scale, multi-market rollout, or unit-economics on a 68M+ user base to map to where budget is actually flowing.