Nik Storonsky, founder and CEO of Revolut, has negotiated a potentially lucrative deal linked to increasing the company's valuation to over $150 billion. Currently valued at $45 billion, Revolut's valuation would need to nearly triple. The deal echoes Elon Musk's stock option deal with Tesla and could grant Storonsky an additional 10% stake in the fintech if the ambitious targets are met. Revolut, recognized as the most valuable private fintech in Europe, has already shown significant growth since its launch in 2015, solidifying its position in the market.
"Nik Storonsky negotiated a lucrative deal with Revolut that ties his potential multibillion-dollar fortune to pushing the company’s valuation above $150 billion."
"The deal, echoing Elon Musk’s compensation arrangement, allows Storonsky to acquire a further 10% stake in Revolut based on future company performance."
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