Reports of a harsh culture, the CFO's departure, and an anti-money laundering software glitch are plaguing one of the UK's hottest fintech startups.
"At no point during this time did we fail to meet our legal or regulatory requirements," said CEO Nik Storonsky in the letter. We conducted a thorough review of all transactions that were processed during this time, which confirmed that there were no breaches."an exposé on the company's work culture, saying that applicants were asked to work for free, and that high staff turnover was hurting the company's image.
Revolut fired back at the Telegraph's claims. In an emailed response to Business Insider, CEO Nik Storonsky said that the software issue was part out of new system rollout:
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