Revolut hires new US CEO ahead of launch

By Aisling Finn on Monday 16 March 2020

Digital Banking

The digital bank has set its sights on US domination after first announcing its plans to launch stateside back in 2018.

Revolut hires new US CEO ahead of launch
Image source: Revolut co-founders Vlad Yatsenko and Nikolay Storonsky

 

Recently Revolut appears to have ramped up the launches of new features, just last week it announced the launch of a new perks feature that allows customers to earn cashback or discounts when they spend.

The digital bank also announced the introduction of a gold trading service for its Metal and Premium members, as well as the appointment of several city veterans to its board.

The most recent appointment comes as Revolut gears up for its full US launch, after announcing plans to jump across the pond way back in 2018.

Revolut has appointed US banking veteran Ronald Oliveira to the CEO position as they continue to pursue US domination. 

For over 40 years, Oliviera has worked for several banks, including the Union Bank of California, where he worked for over 21 years, and most recently he spent over six years at Avidbank, a commercial lending bank based in California.

The five-year-old digital bank seems to be on the hunt for executives with a long history in finance, both here and across the pond, as it’s reportedly in pursuit of a UK banking licence, having operated in the UK for five years without one.

At its most recent valuation, Revolut was valued at $5.5bn after a massive $500m Series D funding round.

Sign up to the Daily Disruptor Newsletter