According to PYMNTS.com, Revolut has hit a massive $75 billion valuation following a $3 billion fundraising effort that wrapped up recently. CEO Nik Storonsky called this a milestone toward building “the first truly global bank” serving 100 million customers across 100 countries. The company just received final banking authorization in Mexico ahead of its launch there and secured a banking incorporation license in Colombia while preparing to launch in India. Revolut also recently expanded its US presence with a high-yield savings account and is exploring getting a US banking license either through application or acquisition. Research shows Gen Z is particularly receptive to digital banking, with 72% using digital wallets weekly and 62% considering neobanks as primary bank providers.
The Global Banking Play
Here’s the thing about that $75 billion number – it’s not just about the money. It’s about validation of Revolut’s global banking thesis. While other neobanks have struggled to expand beyond their home markets, Revolut is methodically building regulatory bridges across continents. Mexico, Colombia, India – these aren’t random picks. They’re strategic entries into massive, underbanked populations where digital adoption is exploding.
But the real prize? The US market. That high-yield savings account isn’t just another product – it’s a beachhead. And the fact they’re openly discussing banking license options tells you everything about their ambitions. They’re not just dabbling in America anymore. They’re going all in.
The Gen Z Gambit
Look at those numbers again. 72% of Gen Z using digital wallets weekly? 62% willing to make a neobank their primary provider? That’s not just a preference shift – that’s a generational earthquake in banking. Traditional banks should be terrified.
Revolut gets what many legacy institutions don’t: for Gen Z, banking isn’t about branches or personal relationships. It’s about seamless digital experiences, transparency, and products that actually work for their mobile-first lives. When nearly 70% prefer managing finances completely online, you’re looking at a fundamental rewiring of banking expectations.
What Comes After $75 Billion?
So where does Revolut go from here? The valuation creates both opportunity and pressure. They’ve basically priced themselves at a level where anything less than global domination looks like failure. The expansion into emerging markets makes sense – that’s where the growth is. But the regulatory hurdles are immense.
And let’s be real – becoming a “truly global bank” means competing with the biggest financial institutions on the planet. That requires more than just slick apps and savings accounts. It requires deep regulatory compliance, risk management, and building trust at scale. Can they pull it off? The $75 billion valuation says investors think so, but the real test is whether customers around the world will agree.
