Finance boss quits Revolut

By Michele Lucato Posted on May 11, 2023

Revolute Finance Boss quits
Finance boss quits Revolut
Calum Muirhead and Jasmine Birtles

Financial technology firm Revolut suffered another setback as its finance chief quit after two years in the job.

In what is turning out to be a difficult year for the London firm, the company said Mikko Salovaara is leaving ‘for personal reasons’.

It comes just weeks after the company’s auditor warned that a chunk of its revenues may have been ‘materially mis-stated.’

At the time, Salovaara insisted that Revolut was on course to get a UK banking licence ‘any day now’ despite the questions over its finances.

But 72 days later, it is still waiting. The firm’s frustrations appeared to boil over last week when boss and co-founder Nik Storonsky said the licence application has been a ‘long and tiring process’.

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