Revolut CEO Nik Storonsky has pushed the company's initial public offering timeline to 2028, stating an IPO is at least two years away. This decision comes as Revolut actively pursues a US banking license to gain direct Federal Reserve payment access and expand its loan and credit card offerings to American customers. The fintech firm recently secured its full UK banking license, marking a significant milestone after five years with British regulators.
Storonsky emphasized the importance of trust as a licensed bank. Prior to any IPO, Revolut plans to conduct additional secondary share sales to provide liquidity for employees and early investors, extending its private market runway. The company's most recent secondary sale valued it at $75 billion.
Revolut reported approximately $6 billion in revenue for 2025, with profits increasing by 57% year-over-year to $2.3 billion. The company currently serves over 68 million customers across 40 markets and is known for its crypto-friendly platform offering trading access to over 300 digital tokens.