Fintech giant Revolut is losing its CFO after two years in the role due to personal reasons, company says
Revolut is in the process of securing a UK banking license having initially applied in 2021. The company said it was in"the advanced stages of its application," in its most recent set of annual accounts published in March. In an interview with CityAM at the time Salovaara said that the neobank'sThe business has had a full banking license in Europe since 2021, having started life as an e-money institution in Lithuania in 2020.
The company repeatedly missed deadlines to file its 2021 results following a push for stronger internal controls by its auditor BDO after a rebuke by the Financial Reporting Council,The company also recently saw its valuation drop to $17.7 billion in the accounts of one of its backers, Schroders Capital Global Innovation Trust, a UK-listed investment trust. Schroders invested £10.1 million in the company's Series E funding round in 2021 but has since marked down its position to £5.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Revolut's CFO leaves the digital bank after two years, citing personal reasonsRevolut's Chief Financial Officer Mikko Salovaara is leaving the digital bank after two years, citing personal reasons.
Leer más »
Anchorage CFO is the latest city executive to resignThe Municipality of Anchorage’s chief fiscal officer is resigning. Grant Yutrzenka is the latest of more than a dozen executives who have resigned or been fired since the mayor took office.
Leer más »
Nominate the top creator-economy experts for our listInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Leer más »
AI cameras set up on highways to catch drivers who throw trashInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Leer más »
Credit card companies need to explain 'exorbitant' late fees: WarrenCredit card companies need to explain the 'exorbitant' late fees they're charging customers, says Elizabeth Warren
Leer más »
USC students sue, accuse school of misleading them into 'massive' debtUniversity of Southern California social work students just sued the school, accusing it of 'intentionally' misleading people of color about the program and forcing them into 'massive' student debt
Leer más »