Revolut has appointed long-time employee Victor Stinga to serve as interim chief financial officer, according to people familiar with the matter.
Sifted understands that Stinga was appointed in May, immediately after former CFO Mikko Salovaraa resigned from the company due to “personal reasons."
The neobank’s search for a permanent Group CFO is still ongoing and the company and board are considering several external and internal candidates, one of whom is Stinga, Sifted understands.
As interim CFO, Stinga is in charge of signing off Revolut’s upcoming accounts for the 2022 financial year, after the company had its filing deadline extended for the second year running.
This delay was due to a knock-on effect on the 2022 audit timeline after auditors found that they were "unable to to satisfy ourselves as to the completeness" of £477m of the neobank's £636m in revenues in 2021, and that references to these revenues "may be materially misstated.”
Sifted understands that publishing a clean set of 2022 financial results is central to Revolut’s licence approval process, which is ongoing and to be decided by the Bank of England's Prudential Regulation Authority (PRA).
A Revolut protégé
Stinga, who is in his early 30s and based in London, joined Revolut almost six years ago as part CEO Nik Storonsky's office — a role the company calls “founder associates” internally.
Stinga has earned himself a reputation as “incredibly smart, super hard working, and a problem solver across the business,” one source close to the company tells Sifted.
Three years after joining Revolut in 2018, Stinga moved up the ranks to head of finance and strategy in Revolut’s financial planning and analysis team.
In 2021, he led the fundraising process for the fintech’s $800m Softbank and Tiger-led Series E funding round, Sifted understands.
Earlier this year, he was also selected as one of the company’s 24 “partners” — an internal recognition of contribution to the company.
Before joining Revolut, Stinga had three years of professional experience under his belt — he spent two years as a consultant at Capgemini, and just under a year as an analyst at Amazon.
The announcement comes a week after the neobank announced that it’s hired Francesca Carlesi, the former cofounder and CEO of mortgage lending fintech Molo, as CEO of Revolut NewCo — the entity that the fintech has used to apply for its long-awaited UK banking licence.
