Mikko Salovaara, the Group Chief Monetary Officer at Revolut, is leaving the mammoth of a fintech after greater than two years of becoming a member of, citing ‘private causes.’
Mikko Salovaara
“I’m grateful for the chance to function Group CFO at Revolut and stay assured within the agency’s future success,” Salovaara wrote in a press release despatched to the media homes.
The departure got here when the Londo-headquartered digital financial institution faces scrutiny as auditor BDO couldn’t confirm the three quarters of income reported by the fintech in its delayed 2021 accounts. The corporate can also be searching for a banking license within the UK, for which it utilized in 2021.
Revolut clarified that Salovaara’s departure is unrelated to the considerations flagged by BDO concerning the firm’s financials. The corporate additional careworn that Salovaara voluntarily resigned, not being fired, and it couldn’t reveal his ‘private causes’ behind the transfer publicly. It’s unclear if Salovaara is becoming a member of any firm or has different plans.
“I thank Mikko for his contribution and need him effectively on his subsequent steps,” mentioned Revolut’s CEO, Nik Storonsky.
A Worthwhile Fintech
Revolut is a large firm providing digital banking companies within the UK, Europe, and several other different international locations. Its choices embrace no-fee present accounts, international alternate, inventory, and cryptocurrency buying and selling, amongst others. The valuation of the fintech was slashed by 46 % to $17.7 billion earlier this 12 months by Schroders, one in all Revolut’s most steadfast buyers.
Established in 2015, the corporate grew to become worthwhile final 12 months with a pretax revenue of £59.1 million on income of £636.2 million. The profitability got here a 12 months with a pretax lack of £205 million.
In the meantime, Revolut additionally witnessed a number of senior departures final 12 months. A few of them are Revolut’s UK Chief Danger Officer, Victoria Stubbs, UK Head of Regulatory Compliance Justine Wootton, and Mathew Seneviratne, who was the UK Cash Laundering Reporting Officer.
Mikko Salovaara, the Group Chief Monetary Officer at Revolut, is leaving the mammoth of a fintech after greater than two years of becoming a member of, citing ‘private causes.’
Mikko Salovaara
“I’m grateful for the chance to function Group CFO at Revolut and stay assured within the agency’s future success,” Salovaara wrote in a press release despatched to the media homes.
The departure got here when the Londo-headquartered digital financial institution faces scrutiny as auditor BDO couldn’t confirm the three quarters of income reported by the fintech in its delayed 2021 accounts. The corporate can also be searching for a banking license within the UK, for which it utilized in 2021.
Revolut clarified that Salovaara’s departure is unrelated to the considerations flagged by BDO concerning the firm’s financials. The corporate additional careworn that Salovaara voluntarily resigned, not being fired, and it couldn’t reveal his ‘private causes’ behind the transfer publicly. It’s unclear if Salovaara is becoming a member of any firm or has different plans.
“I thank Mikko for his contribution and need him effectively on his subsequent steps,” mentioned Revolut’s CEO, Nik Storonsky.
A Worthwhile Fintech
Revolut is a large firm providing digital banking companies within the UK, Europe, and several other different international locations. Its choices embrace no-fee present accounts, international alternate, inventory, and cryptocurrency buying and selling, amongst others. The valuation of the fintech was slashed by 46 % to $17.7 billion earlier this 12 months by Schroders, one in all Revolut’s most steadfast buyers.
Established in 2015, the corporate grew to become worthwhile final 12 months with a pretax revenue of £59.1 million on income of £636.2 million. The profitability got here a 12 months with a pretax lack of £205 million.
In the meantime, Revolut additionally witnessed a number of senior departures final 12 months. A few of them are Revolut’s UK Chief Danger Officer, Victoria Stubbs, UK Head of Regulatory Compliance Justine Wootton, and Mathew Seneviratne, who was the UK Cash Laundering Reporting Officer.
