Revolut confirmed on Tuesday that a secondary share sale has valued the digital bank at $115 billion, a 53 percent jump from the $75 billion it reached in November 2025. The sale priced shares at $2,017 each, according to Bloomberg. The valuation makes Revolut the most valuable private fintech company in the world by a wide margin, surpassing Stripe and eclipsing most publicly traded European banks.

A day earlier, Revolut announced it had received an authorised deposit-taking institution licence from Australia’s Prudential Regulation Authority, becoming the first global fintech to obtain a full, unrestricted ADI. The licence allows Revolut to offer savings accounts, term deposits, and lending products to the more than one million Australians already using its platform. The company said it would invest AUD$400 million in Australia over the next five years.

The secondary sale was led by returning investors Coatue, Greenoaks, Dragoneer, and Fidelity, with participation from Andreessen Horowitz, Franklin Templeton, T Rowe Price, and Nvidia’s venture arm NVentures. The round allowed existing shareholders and employees to sell portions of their stakes at the new price. CEO Nik Storonsky, who holds approximately one-third of the company’s equity, could see his personal stake valued at more than $36 billion at the new valuation.

The valuation reflects a company whose financial trajectory has accelerated sharply. Revolut reported revenue of nearly four and a half billion pounds in 2025, up 46 percent year over year, and pre-tax profit of close to two billion pounds, up 57 percent. For 2026, management has projected nine billion dollars in revenue and three and a half billion dollars in net profit.

The twin milestones in valuation and regulation landed in the same week because they are connected. Revolut received its full UK banking licence from the Prudential Regulation Authority in March 2026 after years of delays, and has since applied for a US national bank charter with the Office of the Comptroller of the Currency. It now holds banking licences in the UK, the European Economic Area through Lithuania, Mexico, and Australia, with a US application pending.

Storonsky has said the company’s IPO is approximately two years away and will be in the US, where higher liquidity and technology-friendly multiples make a listing more attractive. People familiar with Revolut’s thinking have told Bloomberg the IPO target is at least $150 billion, a figure that would make the company more valuable than Barclays, Deutsche Bank, and Societe Generale combined. The push into business banking, which Storonsky has designated his top company priority, is designed in part to justify that kind of valuation by showing institutional investors that Revolut is a full-spectrum bank, not just a consumer payments app.

The Australian licence is particularly significant because APRA’s requirements are among the most demanding of any financial regulator. Revolut said its existing Australian customers would transition from the current e-money structure to Revolut Bank Australia, gaining access to deposit protection under the Financial Claims Scheme. The company now serves more than 70 million customers across over 100 countries and has more than 500,000 retail customers in Mexico, where it launched full banking operations in January 2026.

The $115 billion valuation positions Revolut closer to its eventual IPO price than to its startup origins. Whether the company can sustain that trajectory depends on how quickly it converts banking licences into revenue-generating products across its newer markets, and whether the business banking push delivers the higher-margin growth that public market investors will demand.

Ant International has announced the close of its Series A funding round, raising approximately $1.2 billion in equity financing with a focus on expanding its financial services suite for small businesses.

Ant Group and Alibaba Group are the only existing investors known to have participated in the round. Ant International says it also received support from “other renowned international investment institutions”.

Funds will be used to “accelerate Ant International’s global expansion and innovation in merchant payment, account management and other inclusive financial services for SMEs and enterprises”, the announcement states.

Carved out from Ant Group in 2024, Ant International provides cross-border digital payment and growth marketing solutions to business through brands Alipay+, Antom, WorldFirst, and Bettr.

Headed by CEO Peng Yang, the independent company has amassed a network of 150 million merchants since the split, reaching more two billion user accounts across Asia, Europe, the Middle East, and Latin America primarily.

Klarna, the global digital bank and flexible payments provider, is expanding in-store with lululemon in the UK and Germany, giving customers the same flexibility on the shop floor that they already enjoy online and marking a significant step in Klarna’s push into physical retail.

Paying in-store with Klarna at lululemon is simple. At checkout, shoppers simply scan a QR code with their phone and pay using the Klarna app. There’s no need to apply for anything in the queue or carry a separate card. In a few seconds, customers can spread the cost into interest-free payments or delay payment for a month — so they can buy what they came for, on their terms.

Klarna and lululemon have offered shoppers flexible payments online for more than five years. Bringing Klarna to the till is a natural next step in that relationship and reflects Klarna’s strategic move beyond the browser, with in-person spending estimated at about $28 trillion a year globally, nearly four times the amount spent online.

“Shopping shouldn’t be less flexible the moment you walk into a store,” said Klarna Chief Commercial Officer David Sykes. “We’ve spent years making online checkout smarter, and now we’re bringing that same freedom to the till. Whether you’re picking up your kit in person or ordering it online, you should be able to pay the way that best works for you.”

Klarna is available now in-store at lululemon in the UK and Germany, enabled through lululemon’s integration with payments platform Adyen.

Tether has led a $7 million Series A funding round for Pact Labs, a financial infrastructure company, aiming to broaden the use of its US-regulation-compliant digital dollar, USAT, in payroll payments and everyday financial transactions.

Tether, the largest company in the digital asset ecosystem, announced that it led Pact Labs’ $7 million Series A round to expand the use cases of USAT, its US-regulation-compliant digital dollar. The round, which also included participation from Blockchange Ventures and Lasagna, will support Pact Labs’ efforts to develop its infrastructure for payroll payments, earned wage access, credit services, and everyday payments.

With this investment, Tether aims to integrate USAT directly into the financial systems used by American workers and businesses. Through the infrastructure developed by Pact Labs, companies will be able to integrate digital wallets into their systems, process payroll payments in real time, and eliminate the delays caused by traditional payment systems.

Digital transformation targeted in payroll payments

Although the US payroll system generates more than $11 trillion in transaction volume annually, much of its underlying infrastructure relies on systems developed decades ago. As a result, employees can be forced to wait days or even weeks to access wages they have already earned. The delays between pay periods can lead to additional account fees, short-term borrowing, and other financial costs.

According to Tether, USAT—backed by Pact Labs’ infrastructure—will allow employees to access their wages faster, while enabling employers and financial platforms to operate around the clock without interruption. In this way, digital dollar technology is expected to become a natural part of users’ everyday financial experience.

“One of the most important use cases for the digital dollar is payroll”

Commenting on the matter, Tether CEO Paolo Ardoino said: “Our transaction data has shown the same reality for years — a significant portion of the demand for dollar-based payment infrastructure comes from payroll. In emerging markets, workers have long turned to USDT to overcome delays in wage payments caused by inadequate local payment systems. Now we’re bringing that same approach to the US market with USAT. Because even when a system technically works, if it operates on batch-processing logic, it’s low-income workers who bear the cost the most.”

Tether USAT CEO Bo Hines added: “USAT was built for real people, and payroll is one of the clearest examples of that. Thanks to Pact Labs, we now have the infrastructure to deliver a US-regulation-compliant digital dollar to millions of American workers — faster, at lower cost, and without the need for intermediaries.”

Everyday use cases for the digital dollar are expanding

The investment forms part of Tether’s broader strategy of backing infrastructure that supports the wider adoption of the digital dollar in financial processes heavily used in daily life. As payroll remains one of the largest transaction segments within the US financial system, stablecoin technology is expected to transform the way people receive, store, and use their money.