How Revolut became a verb
Revolut employees will don their black ties on Thursday night and head to the City of London’s Mansion House to toast the $75bn fintech securing a full banking licence. Revolut would push for an initial public offering, even if it was at least two years away. “We’re a bank, and for a bank, it’s super important to have trust. Public companies are trusted more compared to private companies,” Revolut was targeting a $200bn valuation when an IPO eventually happens. The personal incentives for Storonsky are just as high: a valuation this large would unlock a reward package that would value his stake at $78bn. While big UK banks generate most of their money through deposits and lending, Revolut instead made 76 per cent of its revenues last year through fees on services such as cryptocurrency trading, foreign-exchange trading or subscriptions to its premium services that give users perks. Financial Times 30 April 2026 https://www.ft.com/content/1e20b3a5-74d0-4cdc-8e01-7c75ad55338a?syn-25...
