Revolut has reached a $115 billion valuation in 2026, placing the London-based fintech company in direct competition with Europe’s traditional banking sector.
The company was built by Nik Storonsky, its chief executive and co-founder, after he left Credit Suisse in June 2013 and began working on Revolut in January 2014. Storonsky, who was born in July 1984 and is British, had worked as an Emerging Markets Equity Derivatives Trader at Credit Suisse and Lehman Brothers, trading over $2 billion across options, swaps and FX instruments.
He and Vlad Yatsenko co-founded Revolut in 2015 with about $500,000 of Storonsky’s trading earnings. The company was created in 2014 and launched in 2015.
Yatsenko, Revolut’s co-founder and chief technology officer, was born in August 1983 and is listed as British in Companies House director records. He was the company’s first employee and graduated with honours from Kyiv-Mohyla Academy with a Master’s in Computer Science.
Revolut’s valuation stood at $33 billion in 2021. A secondary share sale led by Coatue and D1 Capital Partners valued the company at $45 billion in August 2024, above the market values of Barclays and Natwest at that time. Its valuation then reached $75 billion in 2025 before rising to $115 billion in 2026.
The financial results have accompanied that increase in valuation. Revolut had 68.3 million retail customers in 2025 and generated £4.5 billion in revenue, up 46%. Profit before tax was £1.7 billion, up 57%.
The company’s growth has positioned an app-based financial business against banks that have long dominated European financial services. Revolut’s customer base and valuation show the scale digital-first firms can reach as consumers use app-based financial products.
Storonsky renounced his Russian citizenship in 2022, after Russia’s invasion of Ukraine. By June 2026, his fortune was reported at $76 billion, based on a Revolut stake of roughly 18% to 30%. Yatsenko holds roughly 3% of the company.
Comments (0)