Ex-Credit Suisse Trader Sees Two-Year Card Startup Making Profit
- Nikolay Storonsky started Revolut currency cards firm in 2015
- Revolut is expanding into loans with P2P firm Lending Works
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Nikolay Storonsky left his job as a trader for Credit Suisse Group AG to start a company that sells prepaid travel cards that can be loaded with different currencies. Two years after opening his firm, it’s about to turn a profit.
Revolut Ltd. has almost 600,000 customers and $15 million in investment from European venture funds including Balderton Capital and Index Ventures, he said in an interview. On Tuesday, the London-based company rolled out plans to start offering loans using peer-to-peer platform Lending Works Ltd.