Revolut, the London-based fintech firm founded by Nik Storonsky, has reached a $75 billion valuation and serves 75 million customers worldwide, according to fortune.com. The company recently secured full banking status in the U.K., enabling it to offer a full suite of banking services. It is operational in 40 countries and has applied for a U.S. banking license to expand its footprint.
The company’s growth accelerated after receiving its full banking license in Ireland, where over 80% of adults use Revolut’s services. In March, Revolut announced record profits of $2.3 billion for 2025, marking a 57% increase from the previous year. The U.K. banking license granted earlier this year allows Revolut to provide current accounts, mortgages, and deposit services more easily, broadening its product offerings.
Revolut’s valuation and customer base place it among the leading fintech disruptors globally. Its ability to become a verb in Ireland, where ‘to revolut’ means to transfer money or split bills, highlights its deep market penetration. The company’s expansion into the U.S. market could challenge established banks and fintechs, following a pattern similar to its success in Ireland and the U.K.
Revolut’s next milestone will be obtaining the U.S. banking license, which would allow it to offer comprehensive banking services in America. The company’s 2025 financial results and new licenses underscore its rapid growth and ambition to become a dominant global banking platform.