Did Nikolay Storonsky Leave UK Fintech Revolut?

by Jeremy

Nikolay Storonsky, Co-Founder and CEO of Revolut, one of the fastest-growing financial apps with more than 18 million users worldwide, has reportedly ceased his duties at the company, according to the latest fillings at UK Companies House.

The documents unveiled that he ceased his duties on April 29 this year, although it was revealed publicly just today, with a register entry date made on the same day. The document issued was a ‘notice of ceasing to be a person with significant control (PSC).’

According to the UK Companies House, the document should be used to notify Companies House that a person or entity is no longer a Person of Significant Control (PSC), Relevant Legal Entity (RLE), or Other Registrable Person (ORP). Revolut has not publicly confirmed the news of a possible departure from Storonsky.

In other news related to the company, Stripe, one of the prominent financial infrastructure platforms for businesses, recently announced that Revolut has added Stripe to drive international expansion. The  fintech  firm is planning to leverage Stripe’s infrastructure to enter several new markets.

Revolut Background

Founded in 2015, Revolut is one of the most valuable fintech startups in the world. Last year, the company raised $800 million in a funding round and reached a valuation of $33 billion. Additionally, Revolut has more than 18 million customers. According to the details shared by Stripe, Revolut will initially use the company’s platform to facilitate seamless  payments  across the United Kingdom and Europe.

Among new markets, Revolut is planning to launch in Mexico and Brazil soon. In addition to the current collaboration, both companies aim to increase their partnership in the near future to deliver technology-driven payment products. In the past few months, as reported by Finance Magnates, Revolut has formed several partnerships with some of the leading financial companies to accelerate its international presence. Recently, the fintech company collaborated with Tink to ease money transfers across the European region. In February, the firm announced the expansion of its services in Australia through the launch of stock trading.

Nikolay Storonsky, Co-Founder and CEO of Revolut, one of the fastest-growing financial apps with more than 18 million users worldwide, has reportedly ceased his duties at the company, according to the latest fillings at UK Companies House.

The documents unveiled that he ceased his duties on April 29 this year, although it was revealed publicly just today, with a register entry date made on the same day. The document issued was a ‘notice of ceasing to be a person with significant control (PSC).’

According to the UK Companies House, the document should be used to notify Companies House that a person or entity is no longer a Person of Significant Control (PSC), Relevant Legal Entity (RLE), or Other Registrable Person (ORP). Revolut has not publicly confirmed the news of a possible departure from Storonsky.

In other news related to the company, Stripe, one of the prominent financial infrastructure platforms for businesses, recently announced that Revolut has added Stripe to drive international expansion. The  fintech  firm is planning to leverage Stripe’s infrastructure to enter several new markets.

Revolut Background

Founded in 2015, Revolut is one of the most valuable fintech startups in the world. Last year, the company raised $800 million in a funding round and reached a valuation of $33 billion. Additionally, Revolut has more than 18 million customers. According to the details shared by Stripe, Revolut will initially use the company’s platform to facilitate seamless  payments  across the United Kingdom and Europe.

Among new markets, Revolut is planning to launch in Mexico and Brazil soon. In addition to the current collaboration, both companies aim to increase their partnership in the near future to deliver technology-driven payment products. In the past few months, as reported by Finance Magnates, Revolut has formed several partnerships with some of the leading financial companies to accelerate its international presence. Recently, the fintech company collaborated with Tink to ease money transfers across the European region. In February, the firm announced the expansion of its services in Australia through the launch of stock trading.

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