- Banking app Revolut hit a $5.5 billion valuation earlier in 2020. The firm undercuts banks on foreign exchange fees, transfers, and stock trades.
- The fast-growing company was dogged in early 2019 with negative headlines on culture and compliance.
- We spoke to cofounder and CTO Vlad Yatsenko, who said the company wasn’t a “9-to-5” environment but that it had matured and implemented better HR processes.
- Revolut has been less drastically impacted than some of its startup peers, thanks to a major fundraise in 2020, rapid growth, and a push to diversify its revenues.
Revolut has spearheaded the fintech revolution in Europe, netting a valuation of $5.5 billion and catapulting its two cofounders, Vlad Yatsenko and Nikolay Storonsky, onto UK rich lists.