Revolut co-founder Vlad Yatsenko will step down as chief technology officer on July 1 and transition to a non-executive director position on the board, the fintech company confirmed. Donato Lucia, currently Revolut's head of technology, will replace Yatsenko with the new title of vice president of technology. The leadership change follows Revolut's recent regulatory progress in the UK toward full banking status and comes as the company reported £4.5 billion in revenue and £1.7 billion in pretax profit for 2025, with a user base exceeding 68 million globally. Yatsenko joined as Revolut's first employee before co-founder and CEO Nik Storonsky launched the company in 2014 and later took on the co-founder title. The move reflects Revolut's shift from a startup to a regulated financial institution, placing greater emphasis on governance, compliance systems, and institutional readiness as it expands into lending, US banking services, and digital assets.
Donato Lucia Appointed Vice President of Technology
Donato Lucia joined Revolut in 2018 as a senior software engineer and has since worked on core infrastructure. His promotion to vice president of technology represents an internal appointment, with Lucia familiar with the company's architecture. The title change from chief technology officer to vice president of technology reflects a reorganization of how technology is positioned within the company, integrating the function into a broader corporate structure more typical of established banks where accountability flows through layers of management and board oversight. Yatsenko will remain involved at the board level, contributing to long-term strategy without direct operational control. Revolut did not provide a formal reason for the change. Yatsenko described the decision as coming at a point when Revolut has evolved from a "young, ambitious start-up" into a "mature, highly impactful global company." CEO Nik Storonsky has previously said the co-founder designation helped Yatsenko recruit engineers during the company's early scaling phase.
Revolut Reports £4.5 Billion Revenue and 68 Million Users
Revolut reported £4.5 billion in revenue and £1.7 billion in pretax profit for 2025, with a user base exceeding 68 million globally. The company has been expanding into new areas including lending in the UK, banking services in the United States, and digital asset-related products such as stablecoins. These expansions increase operational complexity and regulatory exposure. As Revolut moves closer to functioning like a full-scale global bank, its technology platform must support stricter risk management, audit requirements, and capital frameworks. The company has recently moved past a key regulatory milestone in the UK, securing progress toward full banking status after years of scrutiny. That shift changes the company's operating requirements, placing greater emphasis on governance, compliance systems, lending infrastructure, and financial controls.
Company Discusses Potential $200 Billion Valuation Ahead of Post-2028 IPO
Revolut has indicated that it does not expect to pursue an IPO before 2028. Reports have suggested the company has discussed potential valuations as high as $200 billion with investors, far above its current estimated valuation of about $75 billion. Preparing for a listing at that scale requires organizational changes well in advance. Investors and regulators typically expect clear separation between executive management and board oversight, along with defined reporting structures and risk controls.
FAQ
What role will Vlad Yatsenko take after stepping down as CTO?
Vlad Yatsenko will transition to a non-executive director position on Revolut's board effective July 1. He will remain involved at the board level, contributing to long-term strategy without direct operational control.
Who is replacing Vlad Yatsenko as Revolut's technology leader?
Donato Lucia, currently Revolut's head of technology, will replace Yatsenko with the new title of vice president of technology. Lucia joined Revolut in 2018 as a senior software engineer and has worked on core infrastructure.
When does Revolut plan to pursue an IPO?
Revolut has indicated that it does not expect to pursue an IPO before 2028. Reports have suggested the company has discussed potential valuations as high as $200 billion with investors, compared to its current estimated valuation of about $75 billion.
