tech
Nik Storonsky in talks over new share award if Revolut hits $500bn valuation
Pay deal by Europe's most valuable start-up would emulate that of Elon Musk
TL;DR
- Revolut CEO Nik Storonsky is in talks for a new pay deal tied to a $500 billion valuation.
- The deal would increase his ownership stake in the fintech company.
- This structure is similar to his previous incentive scheme and common in US tech firms.
- If finalized, it would be the largest such deal in Europe.
- Revolut is currently valued at $115 billion in its secondary fundraising round.
- Revolut has grown to 75 million customers and operates in 40 countries.
- The company recently secured a full UK banking license and is seeking others in Australia and the US.