Tag: Vlad Yatsenko

Revolut is certainly one of the FinTech pioneers with a strong foothold in the Gen Z segment. It continues to redefine digital banking, achieving record-breaking growth in users, revenue, and profitability. With a strong focus on innovation, global expansion, and a highly anticipated IPO, Revolut is positioning itself as the world’s first truly global bank.

The UK regulators did not make it easy for Revolut, which was founded in 2015 by Nik Storonsky and Vlad Yatsenko, then Russian citizens. The UK's most valuable fintech firm has finally secured a UK banking license with certain restrictions, following a three-year application process. This milestone will enable Revolut to hold customer deposits and offer own-branded loans, including mortgages, setting the stage for its eventual stock market listing.

According to a recent Financial Times report, the UK fintech giant Revolut is aiming for a valuation exceeding $40 billion in an upcoming share sale, according to insiders. This move would solidify its status as Europe’s most valuable startup. The high rating is somewhat surprising given the fact that the UK regulators have so far refused to grant Revolut the requested banking license. Its competitors, Monzo and Starling, have secured banking licensesw a few years ago already.

Revolut, a fintech founded in 2015 by the then-Russian nationals Nik Storonsky and Vlad Yatsenko in the UK, has successfully secured an in-principal authorization from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPI) in India. This milestone allows Revolut to offer prepaid cards and wallets, bolstering its position as a significant player in the Indian financial market. Meanwhile, Revolut is still waiting for the desired banking license in its home market UK.

The future of financial marketing certainly lies in social media and the so-called financial influencers. In addition to Instagram, TikTok, in particular, is enjoying increasing popularity among providers of financial services. Most recently, Revolut, one of the unicorns, proudly pointed out its success in social media and TikTok. The company worked with influencers such as Liam Payne, Anthony Joshua, and Simon Wilson and grew its social media following to more than 1.4 million followers. Lately, it has launched a TikTok account, which more than 260,000 people follow.