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Nik Storonsky

  • Revolut considers $75bn dual listing in London and New York

    September 28, 2025

    Fintech juggernaut Revolut is weighing up a dual listing in New York and London for its share sale, in a move that would provide the City with a major boost after a sluggish IPO period. Revolut considering London as a destination for a listing worth at least $75bn (£55.96bn) would appear to demonstrate a change [...]

  • The Capitalist: Reeves and Revolut get chummy at HQ party

    September 25, 2025

    Revolut puts on a party, City AM pioneers the midday bash and finance bros trade blows; catch up on the latest Square Mile shenanigans in The Capitalist.

  • Revolut pumps £3bn into the UK financial services sector

    September 23, 2025

    London-born fintech juggernaut Revolut has capped off a hefty week of investment for the UK financial services sector as the firm officially launched its global headquarters. The digital bank said it would pump £3bn into the UK and create 1,000 highly-skilled jobs over the next five years. The fresh injection of capital follows asset manager [...]

  • Revolut boss set for bumper payday as valuation swells to $75bn

    September 2, 2025

    The boss of Revolut is set for a bumper payday as the fintech juggernaut kicks off a secondary share sale valuing the firm at $75bn (£55.9bn). London-based staff will be able to sell up to 20 per cent of their stake in the digital bank, Bloomberg first reported. Shares will be valued at $1,381.06 (£1,029). [...]

  • Fintechs lobby Rachel Reeves for tax incentives to boost listings

    July 9, 2025

    Top British fintech firms have urged Rachel Reeves to provide incentives to list in London or risk losing them to rival markets overseas. Executives from Clearbank, Atom, Revolut and Zilch met the Chancellor on Wednesday morning ahead of the Treasury’s Financial Services Growth and Competitiveness Strategy, in which fintech is expected to play a starring [...]

  • Abu Dhabi sovereign investor eyes $100m slice of Revolut

    July 8, 2025

    An investor in the Abu Dhabi sovereign fund is eying a $100m (£73m) stake in digital banking giant Revolut. State-owned global investment firm Mubadala is reportedly in advanced discussions to purchase shares in Revolut from existing investors. The deal, if completed, would add to a smaller stake the fund purchased last year as part of [...]

  • Revolut banking licence bid goes down to the wire as key deadline looms

    July 8, 2025

    Revolut is facing a fresh regulatory headache in the UK amid mounting expectations it may miss a key deadline in the ongoing process to become a fully operational bank. The digital banking juggernaut received the green light for its UK banking licence from Britain’s banking watchdog last year after a three-year wait, which triggered a 12-month [...]

  • Revolut boss set for Elon Musk-style payday at $150bn valuation

    June 23, 2025

    The chief executive of Revolut could be set for a multibillion-dollar payout if the fintech’s valuation passes the $150bn milestone, sparking comparisons to Elon Musk’s controversial Tesla package. Nik Storonsky, who founded Revolut in 2015, has an incentive deal which would increase his stake in the London-based fintech by several percentage points if the valuation [...]

  • Revolut looks to France for major European expansion

    May 19, 2025

    British-born digital bank Revolut has chosen Paris for its fresh Western Europe headquarters with a major €1bn investment. The fintech giant said it will create over 200 jobs in France, in what it calls the “largest investment in the French financial sector in a decade.” The firm has also applied for a French banking licence, [...]

  • UK fintech Revolut expands lifestyle reach with mobile plans

    April 30, 2025

    Revolut is to offer mobile plans to customers as the UK fintech continues to diversify its product range. The Canary Wharf-based business is looking to enter the mobile market in the UK and Germany later this year before eying further market expansion. Revolut said its plans will include unlimited calls, texts and data at home, [...]

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