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Revolut

Revolut Co-founder Nik Storonsky Relocates to UAE After UK Tax Rule Change

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Nik Storonsky, co-founder of the digital banking app Revolut, has become the latest billionaire to relocate from the UK following the government’s decision to scrap a long-standing tax break earlier this year. According to Forbes, Storonsky now lists the UAE as his place of residence in a UK corporate filing for his family office, released […]

The post Revolut Co-founder Nik Storonsky Relocates to UAE After UK Tax Rule Change appeared first on Fintechnews Middle East.

Revolut Secures In-Principle Approval from UAE Central Bank

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Revolut has received in-principle approval for its Stored Value Facilities and Retail Payment Services (Category II) licenses from the Central Bank of the UAE (CBUAE). The approval marks a step towards Revolut launching its services in the UAE, where it plans to offer a full suite of products to retail customers. The UAE is viewed […]

The post Revolut Secures In-Principle Approval from UAE Central Bank appeared first on Fintechnews Middle East.

Mubadala Eyes Further $100M Stake in Revolut

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Mubadala, the Abu Dhabi sovereign wealth fund, is reportedly in advanced discussions to acquire a further stake worth approximately US$100 million (£78 million) in Revolut, the British digital banking and payments firm now valued at over £33 billion, according to Sky News. The deal, if completed, would involve the purchase of existing shares from current […]

The post Mubadala Eyes Further $100M Stake in Revolut appeared first on Fintechnews Middle East.

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