Startups
Revolut Seeks Rapid Growth in Asia as Regulators Increase Scrutiny
- UK startup woos millions of users in Asia to sustain momentum
- Fintech company’s CEO sees opportunity in Japanese market
Revolut CEO Nik Storonsky
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
Revolut Ltd., one of the UK’s fastest-growing startups, is betting it can sustain its breakneck pace in Asia, even as it comes under greater scrutiny from regulators at home and abroad.
Months after a run-in with Japan’s financial watchdog, the fintech startup is now in talks about the regulatory approvals necessary to service small-to-medium-sized businesses in the world’s No. 3 economy next year, according to founder and Chief Executive Officer Nik Storonsky.