Revolut co-founder Nik Storonsky set to join the multibillionaire club

Banking and payments app launched six years ago valued at £24bn in deal secured by 36-year-old CEO

The Revolut co-founder Nik Storonsky has said Elon Musk’s perfect combination of “rationality and craziness” makes the Tesla boss his leadership hero. Now the 36-year-old is set to join Musk in the multibillionaire club after securing a funding deal that makes the banking and payments app the most valuable British fintech firm ever.

The funding round led by Japan’s SoftBank and Tiger Global Management values the six-year-old firm at £24bn, making Storonsky, who holds a significant stake, a paper billionaire several times over.

Related: Digital bank Revolut becomes UK's most valuable fintech startup

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