Wednesday August 12, 2020

Online bank Revolut pays price of fast growth

Emmet Ryan

Technology Correspondent

3rd March, 2019
Nikolay Storonsky,

Online bank Revolut, which claims to have 200,000 Irish users, had a rough week following a string of calamities hitting the business.

Users were unable to access the service last Friday to cap off a rotten week for the British-based fintech, founded by Nikolay Storonsky.

On Thursday, Wired published a report on the firm’s hiring practices and treatment of staff, drawing widespread criticism online. Then the British Financial Conduct Authority (FCA) confirmed it was investigating the...

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