Tagged: nik storonsky

November 5, 2026 @ 5:09 pm By Omar Faridi  |  

London-based digital bank Revolut has solidified its position as Europe’s most valuable private company after completing a secondary share sale that places a $115 billion valuation on the business—a 53 percent jump from the $75 billion figure set in a similar transaction roughly a year… Read More

October 13, 2026 @ 2:15 pm By Omar Faridi  |  

Revolut is positioning itself to challenge established US financial giants by matching their credit card rewards while layering in agentic AI tools that could reshape how customers shop and bank. Chief Executive Nik Storonsky outlined the strategy during remarks in Turin, emphasizing a desire to… Read More

September 25, 2026 @ 12:12 am By Omar Faridi  |  

Revolut is taking what appears to be a distinctly conservative path on credit even as it builds out a full banking presence in more countries. Rather than following the traditional model of recycling large volumes of customer deposits into loans, the fintech intends to keep… Read More

July 23, 2026 @ 7:27 am By Omar Faridi  |  

UK based digital banking provider Revolut is poised for a major liquidity event that could increase its valuation to $115 billion. This development comes shortly after the fintech secured key regulatory approvals, signaling strong investor confidence in its expanding global footprint and financial performance. According… Read More

March 12, 2026 @ 11:39 pm By Omar Faridi  |  

Digital bank Revolut has reached a transformative milestone in the British market by activating its dedicated UK banking license. Following a successful preparatory phase, the Prudential Regulation Authority has removed all restrictions, allowing Revolut Bank UK Ltd to begin operating as a fully authorized bank…. Read More

November 24, 2025 @ 8:04 am By Omar Faridi  |  

Digital bank Revolut, which is currently claiming more than 65 million users throughout the world, has recently announced the completion of a share sale, valuing the Fintech company at $75 billion. The transaction has reportedly been led by Coatue, Greenoaks, Dragoneer, Fidelity Management and Research… Read More

May 20, 2025 @ 9:18 am By JD Alois  |  

QuantumLight, founded by Nik Storonsky, co-founder and CEO of digital bank Revolut, has announced the closing of a $250 million venture capital fund. According to a release, the money will be utilized to invest in firms in the AI, Web3, Fintech, SaaS and Healthtech sectors…. Read More

November 23, 2024 @ 5:41 pm By Omar Faridi  |  

Revolut has revealed its 2025 vision, with AI assistant, mortgages, and ATMs reportedly on the horizon. Revolut co-founders Nik Storonsky and Vlad Yatsenko took to the stage at the company’s The Revolutionaries event in London in order to mar 50 million Revolut customers and share… Read More

July 7, 2024 @ 4:58 pm By Omar Faridi  |  

Nik Storonsky, the CEO of Revolut, has spent the last ten years focused on disrupting the traditional banking / financial services sector with various innovations. The Fintech billionaire and ex- Lehman Brothers trader is now looking to enhance the existing venture capital space. Storonsky has… Read More

December 26, 2023 @ 8:40 am By Omar Faridi  |  

Digital bank Revolut has shared some important financial updates. Revolut reveals that its revenue has reportedly “increased to $1.1bn (£923m) in 2022, up 45% from $786m (£638m) in 2021.” Revolut added almost 10m customers last year “with a 71% increase in deposits and 55% increase… Read More

June 2, 2023 @ 9:39 am By Omar Faridi  |  

Revolut, the global financial super app, has reportedly surpassed 30 million retail customers worldwide, and is now “processing over 400 million transactions a month.” While these figures are significant, Revolut has been unable to secure a banking license in the UK (where its headquarters are… Read More

May 19, 2023 @ 12:48 pm By Omar Faridi  |  

Fintech firm Revolut has introduced multi-currency business accounts in Australia and signaled its intention to acquire a banking license in the country. The new business account allows companies to exchange as much as A$75,000 per month, with head of Revolut Business James Gibson revealing to… Read More

May 11, 2023 @ 8:44 pm By JD Alois  |  

Mikko Salovaara has quit Revolut. Salovaara, who was the Chief Financial Officer (CFO), has exited the digital bank after just two years in the leadership post, according to multiple reports. While Salovaara has attributed his exit from the Fintech due to personal reasons, Revolut has… Read More

May 2, 2023 @ 9:52 am By Omar Faridi  |  

Revolut has reportedly made its initial entry into Latin America with a launch in Brazil. Revolut‘s global account will provide local consumers with foreign exchange and remittance capabilities in 27 different currencies, along with having a payment card that is accepted in over 150 nations…. Read More

March 1, 2023 @ 9:27 am By JD Alois  |  

Revolut, a UK-based digital bank, has reported its first full-year profit. Revolut has published its Annual Report, which tracks operations for the year ending December 2021. According to the report, Revolut generated £636 million in revenue during 2021, delivering £26.3 million to the bottom line…. Read More

August 28, 2022 @ 11:51 pm By Omar Faridi  |  

Fintech Revolut, the global financial superapp with over 20 million customers, has appointed Raymond Ng as Singapore CEO “as it continues to grow in Singapore.” The new appointment “follows Revolut recently announcing the launch of its crypto products in Singapore.” Revolut‘s customer base in Singapore… Read More

July 3, 2022 @ 11:09 pm By Omar Faridi  |  

Revolut, the global financial super app with over 18 million customers worldwide, has announced the appointment of Sid Jajodia as US CEO. Sid joined Revolut as Chief Banking Officer in July 2021 and will “continue in this role alongside being US CEO, leading the roll… Read More

November 26, 2021 @ 10:09 am By Omar Faridi  |  

Revolut has announced the acquisition of “highly rated” ePOS software provider Nobly POS in order to expand its product offering to serve the restaurant and hospitality sectors. Established in 2013, Nobly has created an extensive ePOS system for the restaurant and hospitality industry enabling hospitality… Read More

October 22, 2021 @ 9:55 am By JD Alois  |  

Neobank Revolut has selected Juan Miguel Guerra as CEO for Mexico as the Fintech moves into a new market. Guerra was previously at RappiPay and is said to have held senior executive roles at Citibanamex and other Fintech firms. Mexico is Revoluts first step into… Read More

April 21, 2021 @ 11:09 pm By JD Alois  |  

Digital bank Revolut is expanding into India, according to multiple reports. India, with a population of over 1.3 billion, assets of public sector banks are around Rs. 107.83 lakh crore or USD $ 1.52 trillion as of 2020, according to a recent report. In India,… Read More