{
  "id": 12015555,
  "title": "Revolut rises to become Europe’s $115 bn bank",
  "url": "https://urgent.news/2026/10/04/revolut-rises-to-become-europes-115-bn-bank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-04T21:29:00.000Z",
  "source": {
    "name": "Qatar Tribune Business",
    "slug": "qatar-tribune-business",
    "url": "https://www.qatar-tribune.com/article/257518/business/revolut-rises-to-become-europes-115-bn-bank"
  },
  "original_language": "en",
  "account": "Revolut has risen to become Europe's most valuable startup and a challenge to centuries-old banking giants, having grown rapidly since its launch over a decade ago. Despite this, it faces hurdles, including a small lending business and a fraction of revenue per customer compared to established competitors. CEO Nik Storonsky aims for a truly global presence, expanding into markets from Mexico to Australia. The company has secured new licenses and aims to become one of only a few banks with retail operations worldwide. Valued at $115 billion privately, Revolut is now worth more than Britain's Barclays and France's Societe Generale. Its 2025 pretax profit was £1.7 billion, a fraction of Barclays' £9 billion, but growing fast. While it has attracted customers with its easy-to-use app, few use it as a primary bank account. The company has faced setbacks, including fines and data breaches, but remains a significant threat to traditional banks.",
  "summary": "AgenciesRevolut has risen to become Europe’s most valuable startup and a challenge to centuries-old banking giants, having grown rapidly since it was launched just over a decade ag...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}