The Latest Breaking News from Nik Storonsky

The company, which has become Europe’s most valuable start-up, is preparing to launch its UK bank this year.

Revolut is now the most downloaded finance app in Europe, ranking first in 19 countries

Staff in line for $500m windfall, with company now worth more than market valuations of big high street banks

Congratulations are in order to Nik Storonsky, co-founder of Revolut and arguably the most patient businessman in London. He has had to wait a tedious three years to finally secure a British banking licence, opening the door up to further expansion for the $45 billion fintech.

The secondary sale will be closely monitored as Revolut has become the crown jewel of the U.K.’s fintech sector and the most valuable private company in Europe.

Nik Storonsky spent the past decade shaking up banking with his financial services firm Revolut. Now the billionaire former Lehman Brothers trader is looking to pull off a similar feat in venture capital.

Firm gave near 80% pay increase to founder despite uncertainty over approval of UK banking licence

Britain’s most valuable fintech firm has criticised regulatory hurdles that it says could drive it abroad

Exclusive: Company denies creation of team to track overhaul is part of effort to secure UK banking licence