Breaking: Revolut CFO quits after less than six months at the digital bank

By Aisling Finn on Monday 16 March 2020

Digital Banking

The digital bank has recently released several new features, including gold trading and perks.

Breaking: Revolut CFO quits after less than six months at the digital bank
Image source: Revolut

Revolut’s chief financial officer David Maclean is to step down after less than six months at the company.

Maclean, who was previously a finance director at Metro Bank, has cited personal reasons as the reason for his sudden exit.

The news comes just weeks after Revolut appointed several experienced city veterans to its board.

Revolut recently closed a massive $500m Series D funding round that saw the digital bank valued at $5.5bn as a result. 

The digital bank appears to be launching new products and services at a rapid rate with it launching a new perks feature that allows customers to earn cashback and discounts when they spend.

Within a week of the perks feature announcement, Revolut also revealed that its Metal and Premium customers would soon be able to purchase gold through the app.

Rumours are also swirling that the challenger bank is finally in pursuit of a UK banking licence, after having operated in the UK for five years without one.

AltFi contacted Revolut for comment but they are yet to respond.

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