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R e v o l u t
Founded in 2015 by Russian-born financial whizz Nikolay Storonsky , Revolut has taken Europe ’ s banking industry by storm . Headquartered in London , with a recent valuation based on its latest funding round of US $ 33bn , Revolut also recently partnered with fintech heavyweight Stripe as part of its strategy to expand offerings and provide a wider range of products and services to the business world .
It hasn ’ t always been a smooth ride for the all-digital bank , though . In 2021 , Revolut pulled out of Canada , citing difficulties in obtaining the licensing to operate as a full bank within Canada ’ s incumbent financial space . The move followed the successful launch of Revolut ’ s beta version in Canada some 18 months previously . However , the withdrawal is considered a temporary retreat as Revolut investigates and expands within other global marketplaces .
Storonsky said at the time : “ We didn ’ t have enough resources to launch all the products in Canada , so , as a result , we paused it for a year until we had more resources . We just decided to limit the amount of countries we ’ re launching in at the moment .”
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