Tag: Nik Storonsky

Revolut has more then 30 million clientsI
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June 2, 2023

Impressive: Revolut Acquired More Than 30 Million Customers!

Revolut, the London-based fintech unicorn, has exceeded 30 million customers globally, despite facing ongoing challenges with UK regulators while awaiting a decision on its banking license application. The growth rate is indeed impressive. In November 2022, Revolut announced it had achieved the 25 million milestone. Most of Revolut's user base (6.8 million) resides in the UK, followed by Romania and Poland, with 2.8 million and 2.5 million customers, respectively.
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Revolut is sued for money laundereing issuedB
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May 22, 2023

Business Client Sues Revolut Over Fraud Facilitation And Money-Laundering Violations!

Revolut, the troubled UK fintech, is facing a lawsuit for facilitating a £600,000 fraud, according to a report by This Is Money. Terna Energy Trading, a company listed on the Athens stock market, has initiated legal proceedings against Revolut, claiming that the fintech firm violated money laundering regulations by failing to prevent a "fraudulent" transaction that took place last year. The court battle will present another challenge for Revolut co-founder and CEO Nik Storonsky.
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Nik Storonsky desperately needs the UK banking licenseP
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May 19, 2023

Power Struggle: Revolut May Or May Not Be Granted A Banking Licence In The UK!

Over the last 48 hours, rumors have been circulating about granting the UK banking license to Revolut. One hears that the regulators would deny Revolut the banking license. There was also talk that Revolut had offered the regulators to withdraw the application. The Guardian reports that the UK government intervened and coordinated talks with Revolut as part of its growth strategy. Founded in 2015 by Russian-born Nik Storonsky, Revolut is the highest-valued FinTech in the UK.
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