Revolution Reaches 200 Billion Worth: How a Former Swimmer Built a Neobank in a Decade
2 Articles
2 Articles
In 2015, Nikolay Storonsky (41 years old, Dolgoprudny, Russia, a British nationalized) used the $500,000 he had earned as a derivatives operator at Lehman Brothers and Credit Suisse to launch an emerging company aimed at dismantling the giants of global finance. “We want to replace the banks, as simple as that,” the former competition swimmer said in a promotional video at the time.
When a neobank reaches a valuation of $200 billion, the European financial ecosystem stops to observe. Revolut, the fintech founded by former swimmer Nikolay Storonsky, has put that figure on the table as a goal of its exit on the stock market, a milestone that would double its last private round and make Storonsky one of the richest men in the sector. Keys of the Storonsky operation would control a $76 billion equity package. Special stock ince…
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