Revolut Prioritizes B2B Banking to Reach $200 Billion IPO Valuation
Revolut aims to elevate its business banking segment, which accounted for 16% of its revenue in 2025, to enhance its valuation for a potential IPO by 2028. The company plans to implement new performance metrics and incentives, reflecting a strategic shift towards capturing a larger share of the business banking market.
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Revolut's leadership has designated business banking as its top priority, offering £1,000 to employees to support new customer acquisition. This initiative, labeled 'P0', follows a significant growth in business customers, which increased by 33% in 2025, totaling 767,000.
The fintech intends to launch business banking alongside retail products in new markets starting 2027 and plans credit products for businesses in 2026. With an IPO targeted for 2028, Revolut seeks a valuation of $150 to $200 billion, necessitating a robust B2B offering to compete with established banks.
While consumer growth is steady, business banking presents higher revenue potential and customer engagement. However, the company faces challenges in trust and compliance in this sector, where incumbents have established advantages. Revolut's current business revenue growth in markets like Singapore and the US shows promise, but it must address complexities associated with larger business clients.
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