Revolut reaches $115 billion valuation and launches IHG co‑branded card

Revolut, the London‑based digital banking platform, completed a secondary share sale that values the privately held fintech at about $115 billion, with shares priced at $2,017 each. The transaction, involving employees and early investors, marks a roughly 50 % increase from its $75 billion valuation in late‑2025 and places Revolut ahead of Brazil’s Nubank in market worth.

The company also introduced a new debit card in partnership with IHG One Rewards, initially available in the United Kingdom. The card offers a welcome bonus of up to 30,000 IHG points, automatic Platinum Elite status and 15 Elite Night Credits, with earn rates of up to six points per £1 spent on hotel bookings.

In Portugal, Revolut reported that domestic payments made up 57 % of all transactions in 2025, with total transaction volume up 87 % year‑on‑year and its user base growing 49 %. The fintech highlighted recent product integrations such as Portuguese IBANs, MB Way and Via Verde, which have helped it become the third‑largest bank in the country by customer count.

The firm continues to expand its RevPoints loyalty program, adding new airline partners such as Emirates Skywards and planning further co‑branded cards, including potential offerings linked to the NBA and other travel brands, aiming to extend its ecosystem of travel benefits in Brazil and other markets.