Revolut Reaches $115 Billion Valuation, Challenging Traditional European Banks
Revolut, the London‑based fintech founded in 2015, now has about 80 million customers worldwide and a valuation of $115 billion, surpassing the market capitalisation of several European banks. The company is expanding its banking licences globally, while facing regulatory scrutiny in Lithuania and a data‑leak incident. Its CEO Nikolay Storonsky aims to turn Revolut into a global bank, and the firm continues to grow its user base across Europe, including strong penetration in Romania and Ireland.
