News

August 19, 2026

Revolut to allow CEO to borrow up to $250m against his shares, reports say

Initiative codenamed ‘Project Shasta’ detailed in leaked documents

Revolut has approached investors for approval on upping the amount cofounder and CEO Nik Storonsky can borrow against his stake in the fintech five times over, according to reports.

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Damisola Sulaiman

Damisola Sulaiman is Sifted's fintech reporter, based in London. She writes Sifted's weekly Fintech newsletter . You can find her on LinkedIn

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