Revolut vs Wise

Revolut valuation jumps 53% to $115B in share sale

Revolut has closed a secondary share sale valuing the fintech at $115 billion (€103 billion), a significant leap from $75 billion last year and $45 billion in 2024. Led by Glade Brook, Coatue, Durable Capital, T. Rowe Price, and Baillie Gifford, the deal allowed employees to sell shares at around $2,017 each without raising new capital. CEO Nik Storonsky emphasized employee ownership. The company serves over 80 million retail customers globally and plans to exceed 100 million. It has expanded internationally, launching local banks in Britain, Mexico, Australia, and New Zealand, and obtaining licenses in France, Colombia, Argentina, and preliminary U.S. approval. In Austria, IBANs will be issued from 2027. Revolut reported 2025 revenue of €5.3 billion (up 46%) and pretax profit of €2.0 billion (up 57%). An IPO, potentially at $200 billion, is delayed until after 2028.

• Revolut completed a secondary share sale at a $115 billion valuation (€103 billion), up from $75 billion in 2025 and $45 billion in 2024.
• Lead investors included Glade Brook, Coatue, Durable Capital, T. Rowe Price, and Baillie Gifford, with no new capital raised.
• Revolut has expanded globally, launching banks in Britain, Mexico, Australia, and New Zealand, and obtaining licenses in France, Colombia, Argentina, and preliminary U.S. approval.

Banks Block AI Agents; Revolut Launches UK Loans

Major US banks including JPMorgan, Bank of America, Citi, Wells Fargo, Morgan Stanley, and Schwab have restricted AI agents that log into customer accounts with shared passwords since mid-October, citing security concerns. Customers sharing credentials may lose fraud protection under Regulation E. Banks are developing their own agents and negotiating official access routes, potentially charging fees. Separately, Revolut has launched its first UK loans, offering £2,000 to £25,000 at rates between 6.9% and 29.3%, aiming to keep loan-to-deposit ratio around 6% and sell risk via securitisation. This move is part of a broader strategy to expand lending while managing valuation.

• US banks including JPMorgan, Bank of America, Citi, Wells Fargo, Morgan Stanley, and Schwab have blocked AI agents using shared passwords since mid-October.
• Wells Fargo will treat agent actions as customer actions starting November 24.
• Regulators (Fed, OCC, FDIC) are backing the blocks and questioning banks about limiting autonomous agents.

Revolut Ventures Lets Retail Investors Back Pre-IPO Startups

Revolut has established a subsidiary called Revolut Ventures, set to launch in 2027, to allow eligible retail investors to invest in private technology companies through its app. The platform is being built in partnership with Carne Group, a fund administrator. This initiative aims to democratize access to pre-IPO opportunities, traditionally limited to institutional investors, and comes amid growing interest from platforms like Robinhood, SoFi, and Kraken. Revolut's move is part of its broader expansion strategy, including recent full banking licenses in the UK and France. However, details on eligibility, countries, and costs remain undisclosed. The article also highlights risks associated with pre-IPO investments, such as illiquidity and valuation uncertainties, drawing on Robinhood's mixed results.

• Revolut has established Revolut Ventures, a subsidiary set to launch in 2027 for retail investors to invest in private companies.
• The platform is being built in partnership with Carne Group, one of Europe's largest independent fund administrators.
• Robinhood, SoFi, and Kraken already offer pre-IPO investment opportunities.

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Revolut plans dual US and UK listing, targeting $200 billion valuation

Revolut, the London-based neobank, is considering a dual stock market listing in New York and London, with co-founder and CEO Nik Storonsky revealing the plans in an interview with Les Echos. The company is targeting a valuation of up to $200 billion for its IPO, expected no earlier than 2028. Storonsky expressed a preference for the US market due to its larger investor pool, but aims to maintain a presence in London. This move follows similar actions by Wise, which moved its primary listing to New York. Revolut was last valued at $75 billion in a funding round, so the target valuation would require nearly tripling its value. The company's US expansion, including conditional approval for a US banking license, is seen as a key factor for the IPO's success. Revolut plans to invest around €2.3 billion annually in growth through 2030.

• Revolut is considering a dual listing in New York and London, targeting a valuation of up to $200 billion.
• The IPO is expected no earlier than 2028, with CEO Nik Storonsky preferring the US market.
• Revolut was last valued at $75 billion in a funding round.

Wise launches 2026 Q2 Mission Update: Price

Wise reduced fees saving customers ~£23m per year as part of its mission to build the best way to move and manage money.