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Revolut's Storonsky takes big step forward in battle with the banks

Channel News Asia LogoChannel News Asia8h ago

Revolut's Storonsky takes big step forward in battle with the banks - Channel News Asia

Quick Summary:

LONDON : Revolut founder and CEO Nik Storonsky had a simple message for his employees at the company's summer drinks last year: make the financial technology firm bigger, better and beat the banks, a person who was there said.

The nine-year-old fintech business has now been valued at $45 billion after its employees sold shares to investors, surpassing in terms of worth some of Europe's biggest lenders, including Britain's 334-year-old Barclays and NatWest.

FILE PHOTO: Revolut CEO, Nikolay Storonsky speaks at the Web Summit in Lisbon, Portugal, November 7, 2019.


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Revolut's Storonsky takes big step forward in battle with the banks - Channel News Asia (Picture 1)Revolut's Storonsky takes big step forward in battle with the banks - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 19:03:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 896 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22210812

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 55 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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