Revolut: can the chancellor’s fintech favourite fix its image problem?

Revolut: can the chancellor’s fintech favourite fix its image problem?

The UK’s would-be ‘Amazon of banking’ run by Nikolay Storonsky has raised alarm over delayed accounts, EU regulatory fines, its co-founder’s Russian ties and issues with staff

Minutes after Jeremy Hunt had finished speaking, Nikolay Storonsky collared the chancellor backstage. The 38-year-old co-founder of British financial technology company Revolut, wearing a tech bro’s uniform of jeans and a sweater, had been listening to Hunt set out his vision of the UK as “the world’s next Silicon Valley”, in a speech last month at the media group Bloomberg’s London headquarters.

The chancellor had praised Revolut as a “shining” success, saying the government was willing to back innovative companies “to the hilt”. After a quick introduction, the pair posed for a photo – which was swiftly posted by Storonsky’s team to one of Revolut’s Twitter accounts.

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