The UK has its first FinTech billionaire after Revolut co-founder and CEO Nikolay Storonsky’s net worth surged to £1.06bn, according to the Telegraph’s latest ranking of the country’s richest startup founders.
Storonsky sat in third place on last year’s Telegraph Tech Hot 100 list with a £363m fortune, behind OakNorth’s Rishi Khosla and Improbable’s Herman Narula.
His wealth has almost tripled in the last year largely thanks to his hefty stake in UK challenger bank Revolut, which currently has a valuation of about $5.5bn.
Revolut raised $500m in a Series D round in February led by TCV, which was extended by $80m in July thanks to new backing from TSG Consumer Partners.
Storonsky’s fellow Revolut co-founder and CTO Vlad Yatsenko placed tenth on the list with a £188m fortune.
Transferwise co-founder Kristo Käärmann placed second on this year’s list with £768m, another huge increase compared to the £225m he was said to be worth in last year’s report.
His Transferwise co-founder Taavet Hinriku placed fifth on this year’s list, with £529m.
Monzo founder Tom Blomfield came in 19th thanks to a £78m fortune, while Starling Bank CEO Anne Boden placed 74th with £18.7m.
New FinTech blood making this year’s list included ThoughtMachine’s Paul Taylor, 13th with £126m, and Curve founder Sachar Bialick, who came in 26th with £51.3m.
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