Revolut Prioritizes Business Banking for $200 Billion IPO
May 15, 2026 – 4:34 pm
(Image by: Web Summit)
TL;DR:
Revolut CEO Nik Storonsky is making business banking a top priority, offering every employee £1,000 to bring in new business customers. This shift comes as Revolut aims for a $150-200 billion IPO no earlier than 2028.
Revolut’s New Business Strategy
Storonsky has announced in a memo to staff that business banking is now priority zero, the highest ranking in his internal system. He’s asking everyone, regardless of department, to contribute by pitching directly to him and achieving "aggressive targets."
The move signifies a strategic shift for Europe’s most valuable fintech, which has primarily focused on consumer products like currency exchange, stock trading, crypto, and everyday spending accounts. While business banking accounted for only 16% of total revenue in 2025 (growing 53% year-on-year), the company believes there’s significant unrealized potential.
The Plan: Expanding Business Banking
Revolut plans to launch business banking products alongside its consumer offerings in every new market from 2027 onward. They’re also introducing credit products for businesses next year and establishing a dedicated department for new business growth and onboarding. New key performance metrics tied to business acquisition are being implemented, with designated "heads of business" contacts across the organization.
The £1,000 employee incentive is modest but symbolizes a cultural shift: Storonsky wants everyone to take ownership of business banking, not just the sales team.
Why B2B Now?
This timing reflects both opportunity and necessity. Revolut reported record results in 2025, with £4.5 billion in revenue (up 46% year-on-year) and £1.7 billion in pre-tax profit (up 57%). With a UK banking license secured in March 2026 after regulatory delays, the company is projecting $9 billion in revenue and $3.5 billion in profit for 2026. As consumer growth slows, expanding into B2B becomes increasingly crucial.