Revolut’s valuation jumps 53% to $115B in new share sale as it prepares to launch US bank

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Available across Europe, the UK, Singapore, Australia, New Zealand, and the U.S., Revolut Business processes more than £36 billion (about $48.6 billion) in transactions each month, including over £1 billion (around $1.35 billion) in the U.S. alone. The division generates more than £950 million (about $1.28 billion) in annualized revenue and holds more than £18 billion (roughly $24.3 billion) in customer deposits, the company told TechCrunch. Nearly half of Revolut Business’ new customers in the U.S. are newly incorporated companies, the company said.

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