Revolut Targets $9B Revenue and $3.5B Profit for 2026... as IPO Plans Drift Further Out
Hey FinTech Fanatics!
Revolut expects to generate $9B in revenue and $3.5B in profit in 2026. Numbers that underline just how large the business has become.
Founder & CEO at Revolut, Nik Storonsky, also confirmed a $75B valuation and said the current round was agreed back in May. He revealed he personally holds a 29% stake in the company.
In the same interview, he confirmed Revolut has acquired a bank in Argentina, marking another step in its push across Latin America and regulated markets.
On the IPO front, expectations are being pushed out again. Storonsky said a listing is “most likely” two to three years away, and made it clear that London is no longer the obvious choice.
A US IPO remains the preferred option, even as Revolut continues to scale from its London base. For now, going public is not top of mind as the company focuses on growth and profitability at scale.
One more sign of how late-stage FinTechs are rewriting the playbook. You can watch the full interview here!
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If you're keeping an eye on where FinTech is heading, dive into today’s updates.
More big headlines coming your way tomorrow.
Cheers,
ARTICLE OF THE DAY
🇸🇦 How Hala Financing is quietly unlocking growth for Saudi Arabia’s small businesses. Small and micro businesses are fueling growth in Saudi Arabia under Vision 2030, but access to capital remains a major constraint. Hala Financing embeds fast, flexible funding into daily business operations to help SMEs seize time-sensitive growth opportunities. Read the full article here
Q&A
📰 Tackling global expansion with Flow: A conversation with Checkout.com’s Umang Sota. Arthur Bedell speaks with Umang Sota, Director of Product at Checkout.com, about how merchants can overcome payment challenges when expanding globally, focusing on strategies to simplify payments, improve acceptance rates, and succeed across international markets.
FINTECH NEWS
🇺🇸 Robinhood unveils latest AI innovations and prediction markets features, YES/NO. Robinhood has launched new AI-driven investing tools, including an expanded Robinhood Cortex embedded across the app, personalised portfolio digests, and enhanced prediction markets with new sports contracts and trading features, aiming to help users better anticipate and act on market opportunities.
🇬🇧 Revolut chief casts more doubt on London IPO. Revolut CEO Nik Storonsky has indicated that the company is more likely to pursue a U.S. IPO than list in London, suggesting that a public offering could happen in two to three years but is not currently a priority for the company.
🌎 Conduit has officially launched its new Multicurrency Virtual Account feature. With this new tool, customers gain access to a real banking infrastructure in USD, with full visibility of balances, deposits, and transfers - both domestic and cross-border.
🇵🇰 Chinese FinTech giant Fintopia eyes the Pakistan market. Government officials highlighted Pakistan’s large market potential, pro-investment reforms, and incentives for FinTech and SME-focused digital finance, while Fintopia expressed interest in establishing operations and collaborating with public and private stakeholders.
PAYMENTS NEWS
🌍 Deutsche Bank and Postbank launch Wero for simpler and sovereign digital payments in Europe. Clients of both banks have been able to send and receive money in real time to family and friends across Europe with Wero, as well as pay in participating online shops.
📊 MB Way 🆚 Bizum: who is bigger in the Iberian Peninsula?
🇺🇸 Affirm CEO Max Levchin details a no-fee lending model. He said the BNPL provider’s strategy is built on aligning with consumers by not charging late fees, relying instead on strong underwriting and transparent, fixed-term lending to reduce borrower risk.
🇮🇳 Google deepens consumer credit push in India with UPI-linked card. Google entered India’s growing co-branded credit card market with the launch of Flex by Google Pay, partnering with private lender Axis Bank to expand access to credit in the country’s UPI-driven payments ecosystem.
🇮🇳 Amazon Pay lets users pay via fingerprint or face scan on UPI. Amazon Pay has launched UPI biometric authentication in India, allowing users to approve payments using fingerprint or face scan without entering a PIN. The feature works for transactions up to ₹5,000 and is currently available on Android devices.
🇳🇬 Flutterwave’s Agboola: ‘We’re not in the IPO race’. Flutterwave founder Olugbenga “GB” Agboola said the African payments company is not rushing toward an IPO, instead prioritising profitability, regulatory compliance, and the development of cross-border payment tools for SMEs as FinTech markets stabilise.
🇺🇸 FDIC launches plan on bank applications to issue stablecoins. The plan spells out how certain lenders can apply in order to get the regulator’s nod. Acting Chair Travis Hill said in a statement that the “tailored” process would allow the FDIC to evaluate the safety and soundness of an applicant’s proposed activities.
🇧🇷 PicPay announced the launch of PicPay Delivery, a new feature created from a direct integration with Rappi. With the partnership, PicPay users can order meals and grocery items without leaving the digital bank's app. Keep reading
🇺🇸 Noah and Fin.com launch fiat-to-stablecoin virtual accounts. The partnership sees Fin.com customers able to receive bank transfers in EUR and USD through local virtual accounts issued and regulated by Noah. Funds arriving in these accounts are automatically converted into stablecoins inside the Fin.com apps.
DIGITAL BANKING NEWS
🇬🇧 Monzo turmoil deepens as investors push to oust chair. Major Monzo shareholders, including Accel and Iconiq, are pushing to remove chair Gary Hoffman and persuade outgoing CEO TS Anil to remain, amid disagreements over the bank’s IPO plans and preferred listing location.
🇬🇧 Griffin welcomes Uber, Marqeta, and Sidekick as the customer base hits 50+. The bank now serves over 50 platform customers and hundreds of thousands of their end users, reporting a 5x growth in revenue and about £3 billion processed in payments value, with a growing customer base.
🇺🇸 FDIC approves Thiel-backed bank for deposit insurance coverage. The Federal Deposit Insurance Corp. gave the nod for Erebor Bank N.A. to receive deposit insurance coverage, a key step forward for the crypto-oriented lender as the Trump administration further embraces digital assets.
🇳🇱 Bunq introduces crypto roundups and an upgraded AI assistant. With the new Auto Round Up feature, every purchase can be set to round up to the nearest euro, with the spare change now automatically invested in crypto. Bunq has also introduced instant crypto alerts.
🇮🇳 India's central bank imposes curbs at Gauhati Co-operative Urban Bank. The Reserve Bank of India said the directions were necessary due to concerns arising from the bank's current liquidity position, and to protect the interests of depositors, without elaborating on the specifics of these concerns.
BLOCKCHAIN/CRYPTO NEWS
🇵🇱 Coinbase partners with PPRO to launch BLIK payments for crypto purchases in Poland. The move will provide a new, easy-to-use payment option that allows users to purchase crypto on Coinbase using Polish złoty (PLN) for the first time.
PARTNERSHIPS
🌍 Ottu collaborates with Mastercard to empower global and regional enterprises to scale effortlessly across the GCC with local payment methods. The partnership brings together Mastercard Merchant Cloud with Ottu’s regional expertise to simplify and scale local payment methods for businesses.
🇺🇸 Mastercard and LoanPro announce partnership to launch Loan on Card, a solution designed to enable lenders to deliver loans to approved consumer and small business borrowers through virtual and physical card-based experiences. Additionally, Mastercard advances blockchain innovation through strategic alliances in the Middle East region. Collaboration with the ADI Foundation aims to validate high-impact blockchain and stablecoin use cases, enabling trusted digital asset solutions.
🇳🇱 Vox AI partners with Adyen to bring payments to drive-thru order terminals. Powered by Adyen, Vox AI Pay enables card payments at drive-thru order terminals, directly from the speaker post. Continue reading
🇺🇸 Fireblocks and Zepz join forces to scale stablecoin remittance adoption for WorldRemit and Sendwave. The partnership aims to help scale stablecoin-powered remittances to consumers at scale. Serving more than 9 million users across 130 countries, WorldRemit and Sendwave will use Fireblocks to enable near-instant, lower-cost cross-border payments.
🌎 dLocal accelerates global payments across emerging markets with Convera. With this partnership, dLocal and Convera will streamline and scale their local payout capabilities in key emerging markets, starting with Colombia and expanding across Africa, Asia, and Latin America.
🇺🇸 Square and Thrive expand partnership to simplify multi-channel inventory management for retailers. The new integration enables retailers to create and edit products within Square and have those updates automatically reflected on Shopify.
🇦🇺 Mint Payments partners with Zip Co to deliver flexible payment options for travel merchants. The collaboration allows travel agencies, tour operators, and other tourism businesses using Mint’s platform to offer Zip at checkout, giving customers the ability to spread payments over time while merchants continue to receive funds upfront.
🇺🇸 MoonPay, Exodus, and M0 launch USD-backed stablecoin for consumer payments. According to a press release, the stablecoin will be fully reserved with U.S. dollar deposits and issued by MoonPay using M0’s open infrastructure. It will integrate into Exodus Pay, a new self-custodial payments experience inside the Exodus platform.
🇳🇴 Cultura Bank partners with Tieto Banktech to launch a modern core banking platform. Under the agreement, Tieto Banktech will provide Cultura Bank with an end-to-end core banking platform. This includes mobile and online banking services, card and payment solutions, and advanced tools for combating financial crime.
DONEDEAL FUNDING NEWS
🇺🇸 Informed.IQ secures $63m investment from Invictus for AI loan verification expansion. The infusion of capital will not only help Informed.IQ scale its technology but also bolsters its market presence in the competitive mortgage landscape.
🇺🇸 Sequence raises $20m to build a CFO revenue platform amid B2B FinTech boom. The funding will be used to accelerate investment into its AI agents and expand the engineering and go-to-market teams. Read more
🇨🇳 Crypto exchange HashKey raises $207 million in Hong Kong IPO. Despite broader market volatility affecting Hong Kong listings, the 2018-founded firm is set to debut on the stock exchange. Keep reading
🇧🇷 Plain uses AI agents in wealth management and raises R$1.7 million. The funds raised will be directed towards improving the product, which is expected to begin operating in early 2026. By the end of next year, the goal is to establish itself as the leading intelligence platform for independent consultants.
🇰🇷 South Korea’s Toss App is said to get fresh backing from Baillie Gifford and GIC. The transaction didn’t involve issuing new shares. The sellers and the size of the investments couldn’t be learned. Continue reading
🇺🇸 Octane lands $100M Series F at $1.3b valuation to help people finance large lifestyle and recreational purchases. The New York–based FinTech has expanded beyond powersports into multiple asset categories and is scaling its white-label “Captive-as-a-Service” model that combines lending, technology, and capital markets.
🇩🇪 Thiel boosts Trade Republic stake in €1.2 billion secondary. New investors include Wellington, GIC, Fidelity, Khosla Ventures, as well as a vehicle linked to the Agnelli dynasty and Aglaé, the technology investment arm of the Arnault family. Read more
M&A
🇳🇱 Dutch identification service iDIN acquired by itsme. iDIN is an initiative by Currence that allows people in the Netherlands to identify themselves securely through their bank app when using online platforms from retailers, insurers, and other digital services.
🇺🇸 BlackLine acquires WiseLayer to advance AI-driven finance operations. According to BlackLine, this integration will enable customers to "automate challenging, judgment-based tasks, starting with accruals and payroll accounting". Read more
MOVERS AND SHAKERS
🇩🇰 Lunar names Mette Hindborg Gade as Chief Product Officer. In her role, Mette will lead the next stage of Lunar’s product development across consumer, business, and Moonrise, with a strong focus on delivering direct customer value and building out Lunar’s full banking proposition, including lending.
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