Finance
Revolut co-founder Storonsky leaves UK to move residence to UAE
Published by Global Banking & Finance Review®
Posted on October 8, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 8, 2025
1 min readLast updated: January 21, 2026
Revolut co-founder Nikolay Storonsky relocates to UAE, marking a strategic move for the fintech giant valued at $75 billion, with plans for global expansion.
(Reuters) -Billionaire Nikolay Storonsky, the CEO and co-founder of financial technology business Revolut, has changed his residence from the UK to the United Arab Emirates, according to filings in Britain's corporate registry.
Storonsky, who was born in Russia, changed his residence status in October 2024, a Companies House filing published on Tuesday shows.
A spokesperson for Revolut declined to comment. The filing did not give a reason for the move.
Revolut was valued last month at $75 billion. Storonsky, who co-founded Revolut in 2015, owns more than 25% of the company, directly or indirectly, according to the company's latest annual report.
London-based Revolut is Europe's most valuable fintech company, having expanded aggressively in recent years as it seeks to take on traditional banks and trading platforms. Last month, while unveiling a new London headquarters, it announced it had more than 65 million customers and said it planned to enter 30 new markets by the end of the decade.
(Reporting by Elizabeth Howcroft in Paris; Editing by Emelia Sithole-Matarise)
Fintech, or financial technology, refers to the integration of technology into offerings by financial services companies to improve their use of financial services.
A valuation is the process of determining the current worth of an asset or company, often used in investment and financial analysis.
A trading platform is software used by traders to buy and sell securities, including stocks, bonds, and cryptocurrencies, often providing tools for analysis and market data.
International capital refers to funds that are invested across national borders, often used for investments in foreign markets or assets.
In finance, a customer is an individual or entity that purchases financial products or services, such as banking, investment, or insurance services.
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