I joined Forbes as the Europe News Editor and will be working with the London newsroom to define our coverage of emerging businesses and leaders across the UK and Europe. Prior to joining Forbes, I worked for the news agency Storyful as its Asia Editor working from its Hong Kong bureau, and as a Senior Editor in London, where I reported on breaking news stories from around the world, with a special focus on how misinformation and disinformation spreads on social media platforms. I started my career in London as a financial journalist with Citywire and my work has appeared in the BBC, Sunday Times, and many more UK publications. Email me story ideas, or tips, to [email protected], or Twitter @_iainmartin.
at a $2.8 billion valuation in May. The launch of the Quantum Light fund will likely pitch its founders against venture funds like SoftBank, Tiger Global and Balderton Capital who had earlier invested in Revolut.
Storonsky and co-founder Vladyslav Yatsenko, who is not involved in the fund, launched the Revolut in 2015 as a travel currency card allowing customers to choose to pay in pounds or euros. The loss-making startup now has over 18 million customers and offers afrom travel insurance, hotel booking, stock and crypto trading in a bid to become Europe’s answer to China’s “superapp” WeChat.
The next stage of the Revolut’s expansion, which currently gives it a higher valuation than Barclays Bank, has seen it acquire banking licenses in at least 10 European countries and talk of a push into remittances, home loans and buy now, pay later debt products. That growth has come with challenges in
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