Who owns Revolut? Ownership structure explained (2026)

Revolut started as a prepaid card for travelers who were tired of getting gouged on foreign exchange fees. A decade later, it's a $75 billion financial super-app with over 50 million customers and a freshly minted UK banking license. That trajectory — from a single-product fintech to one of Europe's most valuable private companies — makes its ownership structure worth understanding.

Who controls Revolut shapes how the company allocates capital, which markets it enters, and how aggressively it pursues an eventual public listing. The answer isn't a single parent company or a dominant institutional fund. Instead, ownership is spread across its co-founders, a deep bench of blue-chip venture and growth investors, and a growing roster of strategic backers betting on AI and financial services converging.

This article breaks down Revolut's ownership in detail: who the founders are, what stakes they hold, which investors have backed the company through its funding rounds, who sits in the key governance roles, and what recent developments — from banking licenses to IPO signals — mean for the company's future.

Revolut was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko in London. Storonsky, a former equity derivatives trader at Lehman Brothers and Credit Suisse, serves as CEO. Yatsenko, the company's CTO, leads its technology and engineering efforts.

The company offers a broad suite of financial products: multi-currency accounts, money transfers, stock and crypto trading, budgeting tools, business accounts, and — as of March 2026 — full deposit-taking services under its UK banking license. Its app-first model has attracted tens of millions of users across Europe and beyond.

As of late 2025, Revolut is valued at $75 billion, placing it ahead of every other private tech company in Europe. The company is headquartered in London and incorporated as Revolut Group Holdings Ltd in the United Kingdom. It has also applied for a national bank charter in the United States, signaling ambitions well beyond its home market.

Because Revolut is privately held, its cap table isn't publicly disclosed in the same way a listed company's would be. But secondary share sales, regulatory filings, and press disclosures paint a reasonably clear picture.

Nikolay Storonsky holds a 29% stake in Revolut as of late 2025. That figure increased from 25% after a performance-based incentive package was activated. The package could award him up to an additional 10% if the company reaches a $200 billion valuation — a target that aligns with his stated IPO ambitions.

Co-founder Vlad Yatsenko holds approximately 3% of the company. While that's a much smaller slice, at a $75 billion valuation it represents roughly $2.25 billion in paper value.

Together, the two founders control around 32% of Revolut's equity. No single entity — founder or institutional — holds a majority stake.

Revolut's investor base has evolved from early-stage venture funds to some of the world's largest institutional investors. Here's how the cap table has been built:

The November 2025 secondary sale is particularly notable. It brought in heavyweights like Andreessen Horowitz, Franklin Templeton, and T. Rowe Price as co-investors — names more commonly associated with public-market portfolios. Their participation signals strong institutional conviction that Revolut's IPO will deliver attractive returns.

NVentures, Nvidia's venture capital arm, participated in the November 2025 secondary sale. The investment was framed as a way to deepen collaboration on artificial intelligence — a priority for Revolut as it builds out fraud detection, personalization, and automated financial advisory tools.

Revolut's investor base is heavily international. SoftBank is headquartered in Japan. Tiger Global, Coatue, Fidelity, and Andreessen Horowitz are all US-based. Early lead investor DST Global was founded by Russian-born Yuri Milner, though he has since renounced his Russian citizenship. This cross-border ownership mix hasn't blocked Revolut from securing its UK banking license, but it has drawn scrutiny during the regulatory process.

CEO Storonsky confirmed in April 2026 that an IPO is approximately two years away, targeting 2028. He expressed a preference for a US listing and an ambitious target valuation of $150 billion to $200 billion. If achieved, that would represent a 2x to 2.7x increase from the November 2025 valuation — aggressive, but not unprecedented for a fast-growing fintech with a banking license and global expansion runway.

Ownership and operational control don't always overlap. At Revolut, they're closely aligned — but the governance structure has distinct layers worth understanding.

Storonsky has led Revolut since founding the company in 2015. With a 29% equity stake, he is both the largest individual shareholder and the chief executive. His background in derivatives trading at Lehman Brothers and Credit Suisse shaped Revolut's early focus on foreign exchange and multi-currency products. His performance-based incentive package ties his financial upside directly to the company's valuation growth.

Yatsenko co-founded Revolut alongside Storonsky and continues to serve as CTO. His ~3% stake makes him a significant but not controlling shareholder. He oversees the company's technology infrastructure, which underpins every product Revolut offers.

Martin Gilbert, the former co-CEO of Standard Life Aberdeen, has served as Revolut's board chair since January 2020. His appointment brought traditional financial services credibility to a company that was, at the time, still working to secure its banking license. The chair role is separate from the CEO position, providing a degree of governance independence.

Revolut previously operated with six classes of shares, including preference shares held by SoftBank and other investors. In October 2023, the company collapsed all classes into a single class of ordinary shares to satisfy the Bank of England's requirements for a UK banking license. This means there is no dual-class structure granting any shareholder disproportionate voting power — a notable departure from many founder-led tech companies.

With 29% of ordinary shares, Storonsky has significant influence but not unilateral control. Major strategic decisions would require alignment with institutional investors who collectively hold the majority of remaining equity.

Revolut's ownership has shifted meaningfully at each stage of growth, from a small seed-funded startup to a $75 billion private company with blue-chip institutional backing.

The 2023 share restructuring stands out as a pivotal governance moment. By eliminating preference shares, Revolut simplified its cap table and removed a structural barrier to its banking license — but it also required SoftBank and other investors to give up enhanced economic protections. That trade-off reflects how much strategic value the banking license carries for Revolut's long-term business model.

Revolut's path to full banking status was neither quick nor smooth. The company first applied for a UK banking license in 2021, but the process stretched over nearly five years due to regulatory concerns about its governance and internal controls.

The Bank of England's Prudential Regulation Authority (PRA) required Revolut to address two major issues before granting a license. First, the company's complex six-class share structure needed to be simplified — the PRA wanted a single class of ordinary shares to ensure clear governance. Second, Revolut's auditor, BDO, flagged that it could not fully verify the completeness of the company's 2021 revenue figures due to the design of its internal IT systems.

Both issues were eventually resolved. The share restructuring was completed in October 2023, and Revolut improved its internal controls to satisfy regulatory requirements. A restricted license was granted in July 2024, followed by a full license in March 2026.

The international composition of Revolut's investor base attracted attention during the licensing process. While no formal restrictions were imposed, the presence of investors like DST Global (founded by Russian-born Yuri Milner) and SoftBank (Japan) added complexity to the regulatory review. Revolut's ability to secure the license despite this scrutiny suggests regulators were ultimately satisfied with the company's governance reforms.

In March 2026, Revolut submitted applications for a national bank charter with the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC). Securing a US banking license would be a significant milestone, but the process is notoriously lengthy and demanding — particularly for foreign-headquartered applicants.

For Revolut's tens of millions of users, ownership isn't an abstract question. It directly shapes the product experience, data handling, and long-term strategy.

Storonsky's 29% stake and active CEO role mean the company's direction is tightly tied to one person's vision and incentives — including a compensation package that rewards hitting a $200 billion valuation. That creates strong alignment with growth, but it also concentrates strategic risk.

The institutional investor mix — spanning SoftBank, Tiger Global, Fidelity, and Nvidia's venture arm — brings capital, credibility, and pressure to deliver returns. As Revolut moves toward a 2028 IPO, these investors will influence decisions about pricing, market expansion, and the timing of a public listing.

And with a full UK banking license now in hand, Revolut is transitioning from a fintech app to a regulated bank. That shift means its ownership structure will face ongoing regulatory scrutiny — particularly as it pursues a US banking charter and eventually goes public.

Nikolay Storonsky is the CEO of Revolut. He co-founded the company in 2015 and has led it since inception. Before Revolut, he worked as an equity derivatives trader at Lehman Brothers and Credit Suisse. He holds a 29% equity stake, making him the company's largest individual shareholder.

No. Revolut is a privately held company as of 2026. CEO Nikolay Storonsky has indicated that an IPO is planned for approximately 2028, with a preference for a US listing and a target valuation of $150 billion to $200 billion.

Revolut was co-founded in 2015 by Nikolay Storonsky (CEO) and Vlad Yatsenko (CTO). Both remain active in their roles. Storonsky holds approximately 29% of the company, while Yatsenko holds approximately 3%.

Nikolay Storonsky is the largest individual shareholder at 29%. Major institutional investors include SoftBank Vision Fund 2, Tiger Global, Coatue, Greenoaks, Dragoneer, and Fidelity. The November 2025 secondary sale also brought in Andreessen Horowitz, Franklin Templeton, and T. Rowe Price.

Yes. Revolut received a full UK banking license from the Prudential Regulation Authority in March 2026, after a restricted license was granted in July 2024. The company has also applied for a national bank charter in the United States through the OCC and FDIC.