Breaking News
Revolut has just lost two more executives
This comes just a month after the Revolut’s CFO David MacLean stepped down (among others).
Now its Stefan Wille, deputy chief financial officer at Revolut, and Anna Borzenko, interim head of finance, who decided to leave their positions.
Stefan Wille had spent a year at Credit Suisse and two years at German challenger bank N26, whilst Borzenko had spent half a year at ClearBank after an eight-year-long career at Canda’s RBC.
Both Wille and Borzenko joined the challenger unicorn in the summer of last year. According to this, Revolut spokeswoman said Borzenko was a short-term contractor who had completed her contract.
Last month the former CFO MacLean cited “personal reasons” for ending his tenure just six months into the role. He has been replaced by former CFO of Standard Life Aberdeen (SLA) Bill Rattray. See more about this in the link below.
Read also: Revolut’s CFO steps down, cites personal reasons
On 2 April, Financial News reported that André Mohamed, head of wealth and trading at Revolut since November 2018, is also set to leave the company.
Revolut was aiming for profitability by the end of the year. This has not changed despite the pressure on revenues caused by the coronavirus pandemic, according to some familiar with the matter.
The revenues of Revolut more than quadrupled in the 12 months to 31 December 2018, rising 455% to £58.2m, but the start-up nevertheless saw losses rise to £32.9m in 2018, up 222% on the previous year.
As every challenger, Revolut battles to survive throughout coronavirus. It’s staff have been offered a scheme that lets them swap their salary for shares in Revolut. Staff can swap £1 of their salary for every £2 of share options in the company.
So far, no staff has been furloughed at the bank.
| [mc4wp_form id=”2736″] |
- BMLL Appoints Michael Chiappinelli as Chief Revenue Officer Read more
- Introducing Flute: Payments Built for the Everyday Economy Read more
- Scaling Quality with Agentic Test Automation Read more
- ThetaRay Gamifies Financial Defense at Money20/20 Europe with a Compliance Twist on “Where’s Waldo” Read more
- Kraken Set to Launch First CFTC-Regulated Perpetual Futures for US Traders Read more
NEW Revolut UK CEO to make Conference Debut at MoneyLIVE Summit
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
2024’s Financial Innovators: A New Era of Banking Startups
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
C-suite Banking and Payments Leaders From Across Europe Set to Meet at London’s MoneyLIVE Summit in March
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
The Evolution of Digital Wallets: A Shift from Physical Cards by 2030
By 2030, we can expect digital wallets to become the preferred payment instrument, offering a myriad of non-payment-related services for consumers.
Payment Technology Trends Shaping 2024 and Beyond
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
The Future of Digital Payments: Exploring PayPal Alternatives
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Nubank: Supercharged Banking and Predicted to Soar Beyond $100 Billion
In this blog, we will explore two exciting developments that have everyone talking about Nubank: its potential for exponential growth in share value and its remarkable expansion to serve more than 90 million customers across Latin America.
BMLL Appoints Michael Chiappinelli as Chief Revenue Officer
BMLL, the leading independent provider of continually engineered, harmonised, historical Level 3, 2 and 1 data and analytics for Capital Markets, spanning global equities, ETFs, futures and US equity options, today announced the appointment of Michael Chiappinelli as Chief Revenue Officer. Based in the USA, he will lead the company’s international commercial strategy and revenue organisation, accelerating global market expansion and deepening institutional client engagement. Michael will report to Paul Humphrey, CEO of BMLL, and join its executive management team.
Introducing Flute: Payments Built for the Everyday Economy
Aurora Payments today announced its rebrand as Flute, alongside the launch of a unified payments platform built for the growing businesses that power the everyday economy. Flute brings payments, working capital, transaction reporting and merchant servicing into a single account for the millions of merchants across the independent retail, personal services, professional services and hospitality industries.
Scaling Quality with Agentic Test Automation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
ThetaRay Gamifies Financial Defense at Money20/20 Europe with a Compliance Twist on “Where’s Waldo”
ThetaRay, a leader in AI infrastructure for financial crime compliance, today unveiled Spot The Money Mule at Money20/20 Europe. The high-speed online game is a compliance twist on "Where’s Waldo" for the AI age, designed to bridge the gap between complex banking infrastructure and the public’s role in stopping global crime.
Kraken Set to Launch First CFTC-Regulated Perpetual Futures for US Traders
Kraken, one of the world’s longest-standing, most liquid and secure cryptocurrency platforms, has set out plans to launch the first CFTC-regulated perpetual futures in the US in the next 30 days.
Finastra Helps Lenders Turn More Applicants Into Borrowers with New Analytics Tool
Finastra today announced the launch of Data Insights 2.0, a powerful analytics solution designed to help mortgage lenders convert more applications into funded loans by turning complex data into decision-ready insights. Available for Originate Mortgagebot, the solution enables banks and credit unions to understand performance benchmarks against peers, identify root causes of friction, and take targeted action to improve outcomes.
Mapping Human-System Interactions to Fuel Agentic AI Automation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]