Revolut's billionaire founder Nik Storonsky 'sells up to £230m' of his stake in fintech

Revolut's billionaire founder and CEO, Nik Storonsky, reportedly sold a significant portion of his stake in the fintech giant during a recent employee share sale.

Storonsky's exit represented a substantial slice of the approximately $500m (£383m) secondary share sale completed last month, with media reports suggesting his sold shares amounted to between 40% and 60%, as reported by City AM

This would indicate Storonsky offloaded an estimated $200m (£153m)-$300m (£230m) of his holdings in the London-headquartered banking app.

Nevertheless, this transaction is reported to be just a fraction of Storonsky's total stake, which is valued at around $8bn (£6bn).

Revolut has chosen not to comment on the speculation, City AM disclosed.

The shar