Staff at $5.5bn startup digital bank Revolut are being offered shares in exchange for lower take-home pay, as the company seeks to tighten its belt in light of the Covid-19 pandemic, Financial News can reveal.
The lender’s co-founders, Nikolay Storonsky and Vladyslav Yatsenko, are forgoing their salaries for a year, a person familiar with the matter said. Other members of Revolut’s senior team have done the same, the person said.
