Overview

• Storonsky’s incentive plan awards 12 tranches of stock options tied to successive valuation, revenue and profit targets, with full vesting requiring a valuation above $150bn.
• Revolut more than doubled its pre-tax profit to £1bn in 2024 and expanded its active customer base by 38% to 52.5 million.
• The fintech secured a UK banking licence with restrictions in 2024 after resolving earlier FCA concerns over anti–money-laundering controls.
• City officials are urging a London listing, but Storonsky has argued that US markets offer deeper liquidity and free trading.
• Revolut has broadened its offerings with a crypto exchange called Revolut X, buy-now-pay-later credit and other services as it readies for a public float.