Fintech firm’s founder Nik Storonsky has reportedly secured Elon Musk-style deal that would pay out in stages
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Revolut’s chief executive and founder Nik Storonsky could be in line for a multibillion-dollar fortune after he reportedly negotiated an Elon Musk-style deal that hinges on him pushing the fintech company’s valuation past $150bn (£112bn).
The former Lehman Brothers trader, who established Revolut in 2015, is said to have secured a lucrative deal that hinges on the company nearly tripling in value, having last been estimated at $45bn.
The deal, which would pay out in stages, would offer Storonsky additional shares in Revolut that could eventually be equal to a further 10% stake in the online banking and finance firm.
