UK fintech firm may have a Russia problem – The Guardian ...News

Revolut faces regulatory hurdles reportedly due to co-founder’s Russian roots British financial technology company Revolut has not been able to receive a banking license from the UK financial regulator for more than two years because its co-founder is of Russian origin, The Guardian newspaper reported on Monday, citing officials at the watchdog, bankers and current and former employees of the company. The start-up’s co-founder Nikolay Storonsky emigrated to the UK, where he eventually secured British citizenship, back in 2004. However, his family connections are challenging for Western intelligence officials and U

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