Revolut, the UK-based neobank with over 70 million customers, is recalibrating its public listing timeline while aggressively expanding into high-growth markets. Co-founder and CEO Nik Storonsky confirmed in an interview that the company will not pursue an IPO until at least 2028, pushing back earlier speculation of a 2026 debut.
IPO: Delayed for Trust
Storonsky stated that “two years away” is the target for a potential initial public offering, stressing that being publicly traded is crucial for building trust as a bank. “We’re a bank, and for a bank, it’s super important to have trust. Public companies are trusted more compared to private companies,” he said. This remark ends rumors that Revolut might file for an IPO this year or remain private. Instead, the company will continue to raise capital through private share sales, as it has done annually. The last such transaction valued Revolut at $75 billion, up from $45 billion previously, and reports indicate that a new sale could push valuation to at least $100 billion.
India Beta: A Strategic Gateway
Perhaps the most consequential market for Revolut’s next growth phase is India. The company has quietly launched a beta version of its services, rolling out access to 450,000 people on the waitlist. According to investor Max Karpis, India CEO Paroma Chatterjee stated that Revolut is prepared for a full launch in Q2 2026 and plans to attract 20 million customers in India by 2030. With its large young population and booming digital payment ecosystem, India represents a critical opportunity for Revolut to more than double its current user base beyond the 70 million mark.
Regulatory Progress in the Americas
Revolut has also been strengthening its foothold in the Americas. The company has applied for a U.S. banking license, a process expected to take up to a year. In Latin America, it officially launched operations in Brazil in 2023, recently received a banking license in Mexico, and has applied for one in Peru. These licenses allow Revolut to offer full banking services—such as deposits, remittances, and wealth management—rather than just prepaid card features.
By delaying its IPO, Revolut is signaling a long-term commitment to regulatory compliance and trust-building. Once public, the neobank could command a valuation far exceeding its current $75 billion, especially if its India and Latin American bets pay off.