Billionaire Revolut founder Nik Storonsky opens own family office in London

By Aisling Finn on Monday 18 October 2021

Digital BankingSavings and Investment

Currently, the only director listed, aside from Storonsky himself, at the family office is Revolut’s senior legal counsel Tommaso Pace.

Billionaire Revolut founder Nik Storonsky opens own family office in London
Image source: Nik Storonsky/Revolut.

Fintech founders are known to re-invest their hard-earned cash into other fintechs and Revolut’s co-founder Nik Storonsky has taken it one step further.

According to Companies House, and first reported by Sifted, Storonsky opened his very own family office, under the name Storonsky Family Ltd., in London last month.

The only other person currently listed on the entry on Companies House is Tommaso Pace, senior legal counsel at Revolut.

Storonsky could be looking to invest his $6.69bn fortune (as per the Bloomberg Billionaires Index), into other fintechs.

The Revolut founder would join the likes of Monzo’s Tom Blomfield, Wise’s Taavet Hinrikus, complyAdvantage’s Charles Delingpole, LendInvest’s Christain Faes and Checkout.com’s Guillaume Pousaz—who actually opened up his own family office in Switzerland earlier this year—who have become fairly prolific angel investors.

Earlier this year, in the Telegraph’s Tech Hot 100 ranking of fintech leaders, Russian-native Storonsky was named as the UK’s first fintech billionaire, with his wealth having only ballooned thanks to Revolut’s climbing valuation.

Revolut found itself in hot water earlier this month after the digital banking service’s stark gender pay gap was revealed.

The fintech pays its female employees almost a third less than their male counterparts, equating to a whopping 31.2 per cent wage gap.

Revolut’s gender pay gap can be attributed to a distinct lack of women in leadership roles, with only two women currently on the digital banking service’s senior leadership team, compared to 12 men.

In an effort to win the race for the first fintech ‘super app’, Revolut has also recently applied for a full UK banking licence and is continually growing out its app offering.

Over the past few months, Revolut has added more trading capabilities, new cryptocurrencies and rewards schemes for its customers.

AltFi approached Revolut for comment but it declined to provide one.

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