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Key Takeaways:
- Revolut CEO Nik Storonsky could gain billions if the company’s valuation hits $150 billion under an Elon Musk-style pay deal.
- The fintech’s profits doubled to £1 billion last year, as its user base surpassed 50 million.
- Revolut secured a UK banking licence and is preparing for an IPO with a new cash-and-equity staff bonus plan.
Revolut CEO Nik Storonsky stands to earn a multibillion-dollar bonus if the fast-growing London fintech reaches a $150 billion valuation, according to people familiar with a long-standing Elon Musk-style pay deal tied to company milestones.
The award, agreed prior to Revolut’s $33 billion fundraising led by SoftBank in 2021, would see Storonsky’s stake grow by several percentage points if valuation hurdles are met. The total shares on offer could ultimately equate to up to 10% of the company if all targets are achieved.
Musk-Inspired Pay Package Structured in Stages
The deal, structured to reward incremental valuation gains, would pay out in stages as Revolut clears set thresholds—similar to Musk’s 2018 Tesla compensation plan, which triggered significant shareholder and legal scrutiny in the U.S.
Storonsky’s holding in Revolut shares already surpassed 25% earlier this year following a corporate restructuring, according to the company’s latest annual report. He previously cashed out hundreds of millions of dollars during the company’s $45 billion valuation event last year.
Such pay deals aim to strongly incentivize top executives and early backers—including Index Ventures and Balderton Capital—by tying rewards to performance-driven outcomes.
Revolut Profits Double as User Base Surpasses 50 Million
The London-based fintech more than doubled its profits last year, hitting £1 billion, driven by rapid growth in card payments, deposits, and surging demand for crypto and stock trading via its wealth platform.
Revolut’s user base surpassed 50 million, further enhancing revenue from payment fees and interest earnings. The platform also saw crypto trading revenues quadruple last year, helping fuel the company’s bottom line.
Also Read: Tesla Quietly Launches Robotaxi Service in Austin Using Driverless Model Y SUVs
Banking Licence, IPO Prospects, and Staff Bonuses
After a prolonged approval process, Revolut secured its long-sought UK banking licence in 2023—a key milestone that executives hope will pave the way for licences in new markets.
Meanwhile, Revolut is overhauling its staff pay structure ahead of a likely IPO, shifting from equity-only bonuses to include cash incentives—aligning with wider fintech sector trends.
A Defining Year for Revolut’s Growth and Leadership
As Revolut eyes a $150 billion valuation, Storonsky’s pay deal underscores investor confidence in the company’s continued growth—and highlights the high-stakes leadership incentives at play. With soaring profits, a major regulatory win, and IPO prospects on the horizon, 2025 could prove a defining year for the UK’s most valuable fintech.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
