10 October 2018
The last day of FINOPOLIS
2018 on 19 October will include the third plenary discussion titled ‘FinTech as
a Platform: From Pilot Versions to Real Solutions’. Participants will discuss
how the financial industry is changing as technology develops, creating new
formats for interactions between suppliers and consumers of financial services.
One of the speakers in the
discussion will be Nikolay Storonsky, Founder and Chief Executive
Officer of the fintech startup Revolut.
Revolut – is a digital bank
allowing users to instantly convert their currency at the interbank exchange
rate. Users can store their money in 24 currencies and are able to withdraw
money in the local currency when travelling and transfer money abroad without
an additional fee.
The company was founded in
2015 and is considered the fastest growing European startup in the fintech
market. Its userbase has almost reached 3 million people, with 7–8 thousand new
accounts being made every day. 60 thousand of the service’s accounts belong to
organizations. According to the company, Revolut has processed over 195 million
transactions worth a total of $27 billion.
In April 2018, during a
successive round of investment, the service attracted more than $250 million in
funding, giving the company a $1.7 billion valuation and making it a unicorn (a
fast-growing company whose valuation topped $1 billion in less than three years
from launch).
In 2019, the company will
expand globally and plans to enter the Russian market, as well as markets in
Asia, North America, Australia, and New Zealand.
Sirius University, Krasnodar region, federal territory Sirius,
urban-type settlement Sirius, Olimpiyskiy Avenue, 1