Revolut Valuation Surges to $115B, Widening Lead Over Nubank
Revolut's secondary share sale values the fintech at $115 billion, widening its valuation gap with Brazil's Nubank and shifting global digital banking benchmarks.
Global digital banking valuations are facing a major recalibration as London-based fintech giant Revolut advances a secondary share sale that values the company at $115 billion. This represents a 53% surge from its $75 billion valuation in late 2025, cementing its status as Europe's most valuable private technology firm. The transaction, which prices individual shares at $2,017, is designed to provide liquidity for employees and early backers rather than raising new capital.
This private-market surge significantly widens the valuation gap between Revolut and Latin American digital banking leader Nubank (NYSE: NU), whose public market capitalization currently hovers around $67.5 billion. While both companies have successfully disrupted traditional banking, public and private market investors are pricing them under vastly different frameworks. Revolut’s new valuation translates to an implied price-to-earnings (P/E) multiple of 67.8 times, whereas Nubank trades at a more conservative public multiple of 20.5 times, highlighting their distinct capital-intensity profiles and geographic exposures.
The divergence comes amid broader shifts in global fintech and digital asset markets. Revolut has aggressively expanded its crypto capabilities, including its standalone exchange Revolut X, at a time when digital assets are seeing active trading. For context on the local digital asset landscape, Bitcoin is trading at BTC/BRL 331,581, while Ethereum stands at ETH/BRL 9,674.53.
For global investors monitoring the Brazil stock market today, the valuation premium commanded by Revolut highlights the relative value currently found in Brazilian ADRs like Nubank (NU). While Revolut continues to trade at a high premium in private markets ahead of a potential future IPO, publicly traded Latin American fintechs continue to offer robust growth metrics at more measured multiples, influencing how capital flows into the Brazil ETF (EWZ) and broader emerging market financial technology equities.