• Fintech

Revolut finance chief quits for ‘personal reasons’ as banking licence wait drags on

Finance boss Mikko Salovaara said at the start of March that Revolut would get a UK banking licence 'imminently'

Revolut recently suffered a further blow when Schroders, one of its key investors, suggested that almost $15bn (£12bn) could be wiped off the value of the firm

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Revolut's chief financial officer is to leave the firm as the fintech continues its two-year-long wait for a UK banking licence.

Mikko Salovaara will leave the London-based firm "for personal reasons" after joining in 2021, Revolut said on 11 May.

It adds to a turbulent period for the company, which is yet to get a UK banking licence more...