Revolut CEO to Borrow Up to $250 Million Against Stake

Revolut's board has approved a plan allowing CEO Nik Storonsky to borrow up to $250 million against his stake in the fintech company. This arrangement provides Storonsky with liquidity while maintaining his ownership.

19 Aug, 04:00 — 19 Aug, 04:00

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FTVery High7d ago

Revolut to let Nik Storonsky borrow up to $250mn against his stake

Change would allow billionaire fintech founder to access more cash as group’s valuation soars

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First report: FT · 19 Aug, 04:00|Full coverage: 2 · 36m|Window: 36m

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FT19 Aug, 04:00First to report

Revolut to let Nik Storonsky borrow up to $250mn against his stake

seeking-alpha19 Aug, 04:36Latest update

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Revolut CEO to Borrow Up to $250 Million Against Stake

Sources

Revolut to let Nik Storonsky borrow up to $250mn against his stake

Coverage Timeline

Revolut to let Nik Storonsky borrow up to $250mn against his stake

Revolut to let CEO Nik Storonsky borrow up to $250M against his stake: FT

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