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Top related persons:
Revolut - 2 We're - 2 Nik Storonsky - 2 — - 1 SoftBank - 1 Matt Cooper - 1 Revulot - 1 Cooper - 1
Top related locs:
Krakow Poland British London Europe
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D1 Capital Partners - 2 Prudential - 2 Authority - 2 Coatue - 1 Tiger Global - 1 U.K - 1 Service - 1 Tiger - 1

Search resuls for: "Nik Storonsky"


5 mentions found


☆ British fintech Revolut valued at $45 billion in secondary share sale
  + stars: | 2024-08-16 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +1 min
British fintech startup Revolut on Friday said it was valued at $45 billion in a secondary share sale with existing and new investors. The $45 billion transaction sharply increases the company's valuation from the $33 billion notched in July 2021. The valuation comes just weeks after Revolut was granted a banking license with restrictions in the U.K., ending a three-year wait after first applying for the license in 2021. The license allows Revolut to take customer deposits and issue products such as loans and credit cards. The company is now set to build up banking infrastructure in the U.K. before the official launch.
Persons: Revolut, We're, Nik Storonsky Organizations: Coatue, D1 Capital Partners, Tiger Global, U.K, Prudential, Authority Locations: Krakow, Poland, British
☆ Revolut secures new $45 billion valuation following secondary share sale with major investors as it targets a potential IPO
  + stars: | 2024-08-16 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +3 min
Read previewRevolut has secured a $45 million valuation via a secondary share sale, despite a wider slump in fintech valuations. The London-based neo-bank, which recently secured a banking license in the UK, has signed agreements with institutional investors over a share sale that significantly boosts the company's valuation. That round came at the height of the tech market's COVID-19 boom, and Revolut has not raised primary capital from investors since. This secondary deal allows employees to profit from their stakes in the company and also cements the fintech as Europe's most valuable tech startup ahead of a prospective IPO. Revolut has 45 million customers and offers bank accounts, savings options, and trading in stocks and cryptocurrencies.
Persons: —, Revolut, We're, Nik Storonsky, SoftBank, Matt Cooper, Revulot, Cooper, Starling Organizations: Service, D1 Capital Partners, Tiger, Business, Prudential, Authority, Financial Times Locations: London, Europe
☆ Revolut's CFO leaves the digital bank after two years, citing personal reasons
  + stars: | 2023-05-11 | by ( Ryan Browne | ) www.cnbc.com   time to read: +1 min
LONDON — Revolut's chief financial officer, Mikko Salovaara, is leaving the digital bank after two years, citing personal reasons. A company spokesperson told CNBC that Salovaara resigned and has not been fired. He said it would be inappropriate to divulge the personal reasons that have led to his departure. The Revolut spokesperson said Salovaara's decision was unrelated to concerns flagged by auditor BDO about the company's financial accounts. In its latest annual report, Revolut posted its first-ever full year of profitability, posting a pretax profit of £59.1 million on revenue of £636.2 million.
☆ Revolut posted its first annual profit after missing multiple deadlines to release its financials
  + stars: | 2023-03-01 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +3 min
London-based fintech Revolut posted its first annual profit for the year ending 2021. Despite repeatedly missing reporting deadlines, Revolut could soon cinch a UK banking license. Revolut, the London-based fintech firm, has posted its first annual profit after missing multiple deadlines to release its financials. Revolut posted a net profit of £26.3 million ($31.8 million) for the full year 2021, according to its latest annual report. Revolut's annual profit makes it the second UK challenger bank to achieve profitability after London-based Starling Bank.
☆ 'Investors changed the rules of the game overnight.' The CEOs of Rapyd, Revolut, Wefox, and Klarna look ahead to fintech in 2023.
  + stars: | 2022-12-30 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +4 min
After a bruising year for the sector, fintech startups are prioritizing profitability. The CEOs of Revolut, Klarna, Wefox, and Rapyd outlined the new reality for consumer-facing fintech. "Investors changed the rules of the game overnight," Rapyd CEO Arik Shtilman told Insider. "Investors changed the rules of the game overnight," Arik Shtilman, CEO and founder of $15 billion fintech Rapyd told Insider at the Slush conference in Helsinki. Regardless of whether a focus on profitability has been pushed by investors or not, the tide has now turned for the fintech sector in Europe.
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