Exclusive: Revolut CEO opens family office to manage $7bn wealth

Nik Storonsky, the creator of London fintech Revolut, has actually opened a household workplace in London, months after ending up being the UK’s very first tech billionaire. 

Business Home records reveal that the 37-year-old business owner included the workplace last month under the name Storonsky Household.

The brand-new fund raises the possibility that Storonsky might start investing part of his projected $7bn wealth into tech start-ups, having currently backed the similarity Sweden’s Tink.

In the past, effective creators such as Wise’s Taavet Hinrikus and’s Guillaume Pousaz have actually opened household workplaces to professionalise their angel financial investments. Pousaz opened a household workplace previously this year called Zinal Development, lack Switzerland by an expert VC.

It’s still uncertain what Storonsky is wanting to utilize his household workplace for, or what he will focus his financial investments in. The only individuals called in the filing are himself and Tommaso Speed, Revolut’s basic counsel.

Nevertheless, 2 sources near to the creator state it makes good sense that Storonsky would utilize a household workplace to “professionalise” his angel portfolio.

If Storonsky does begin angel investing more strongly, it might see him putting countless his individual wealth back into the tech environment.

The household workplace filing follows Storonsky moneyed in a part of his stake in the $33bn fintech throughout a secondary round in the summer season. Storonsky had actually currently liquidated numerous million dollars into money throughout previous sales.

Storonsky has actually seldom discussed his individual wealth in public interviews, or what he intends to utilize it for. Nevertheless, he just recently informed The Night Requirement he did not think in inheritance, fearing “cash spoils kids”.

Revolut decreased to comment.

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