Revolut Addresses Rumors

Rumors were circulating that Revolut was facing financial problems related to the coronavirus; Revolut has responded to the claims with co-founder and CEO Nikolay Storonsky stating, “The Coronavirus pandemic is causing unprecedented movement in financial markets. Naturally, this can be alarming and can allow rumours and false information to spread quickly. To put your mind at ease, I’d like to make Revolut’s position super clear…Last month, we raised $500 million from investors. So I want to make clear that for Revolut it’s business as usual.” Revolut’s last round valued the company at $5.5 billion and they continue to release new features for their customers; there have also been other rumors that Revolut is pursuing a UK banking license. Altfi

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