"Nik Storonsky stated that the neobank would have to wait until at least 2028 for an IPO, emphasizing the importance of trust for banks. He noted, 'We're a bank, and for a bank, it's super important to have trust. Public companies are trusted more compared to private companies.'"
"Revolut's last funding round assigned a valuation of $75 billion to the company, with expectations that a new round could raise this number to at least $100 billion. The bank will continue to raise funds via share sales as it does every year."
"Revolut is planning to launch in India in Q2 2026, with a goal of reaching 20 million users by 2030. This expansion is part of the company's strategy to grow its customer base and enhance its market presence."
Revolut, a UK-based neobank with over 70 million customers, is considering going public but will delay its IPO until at least 2028. CEO Nik Storonsky emphasized the importance of building trust as a bank before going public. The company recently achieved a valuation of $75 billion and plans to raise this to $100 billion through private share sales. Revolut is also expanding globally, with plans to launch in India in Q2 2026, targeting 20 million users by 2030.
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