economy
Revolut to let Nik Storonsky borrow up to $250mn against his stake
Change would allow billionaire founder to access more cash as fintech’s valuation soars
TL;DR
- Revolut proposes allowing founder Nik Storonsky to borrow money against his stake.
- The potential borrowing amount is up to $250 million.
- This change is linked to the soaring valuation of the fintech company.
- The objective is to enable the founder to access more cash.