Revolut’s Nik Storonsky closes a $500m fund for his algorithm-run venture firm QuantumLight
Nik Storonsky, the man behind Revolut, has closed a $500m second fund for QuantumLight, the algorithmic venture-capital firm he co-founded to let software, rather than partners, decide where the money goes. The fund is double the size of QuantumLight’s $250m debut vehicle from last year, a swift escalation for an outfit still trying to prove […]<br /> This story continues at The Next Web [...]
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Revolut is valued at $115bn. Its founder’s new share deal targets $500bn
Nik Storonsky wants a bigger slice of Revolut, and he has picked an ambitious price. The cofounder and chief executive is in talks over a new share award, the Financial Times reported. It would grow h [...]
Revolut wants to let Nik Storonsky borrow $250mn against his own shares
Revolut has asked its shareholders to let Nik Storonsky borrow up to $250mn against his stake in the company, five times what the current rules permit. The request went to investors last week as part [...]
Revolut is offering every employee GBP1,000 to sell business banking. The real prize is a $200 billion IPO.
Revolut’s chief executive, Nik Storonsky, has told employees across the company that business banking is now its top priority, and is offering each of them £1,000 to prove he means it. In a memo [...]
Revolut’s co-founder and first employee steps down as CTO ahead of the company’s march toward a $200 billion IPO
Vlad Yatsenko was Revolut’s first employee. He joined before CEO Nik Storonsky had even launched the company. Storonsky later gave him the title of co-founder, not because he had co-founded the busi [...]
How an Oregon court became the stage for a $115,000 showdown between Meta and Facebook creators
Some of the most successful creators on Facebook aren't names you'd ever recognize. In fact, many of their pages don't have a face or recognizable persona attached. Instead, they run pa [...]
