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Revolut promises to grow up as it seeks new investment

Revolut’s quest for world domination has had a troubled winter and now the upstart bank is considering introducing a disruptive new innovation to its business: a phone number.

Mr Storonsky appears to have little patience for his critics. “All these claims in the press are completely untrue,” he told the Financial Times during two and a half hours of briefings with Revolut’s senior leadership, including managers from its legal, compliance, technology and human resources departments. “The reality is we have never done anything wrong.”  Speaking in the company’s Canary Wharf headquarters, a defensive and defiant Mr Storonsky would only admit that Revolut’s rapid scaling from start-up to fully fledged bank with about 900 employees has caused some “growing pains”.

Tags

banking, payments