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Revolut appoints interim CFO as 2022 accounts deadline looms

Revolut interim CFO
Image credit: Revolut

Revolut has appointed Victor Stinga, an employee of almost six years, as interim chief financial officer as the fintech prepares the release of its latest accounts.

Stinga first began his duties as the interim finance chief in May, according to Sifted, following the sudden resignation of previous CFO Mikko Salovaara due to “personal reasons”.

Stinga joined the company in 2018 and has been working as the head of finance and strategy in the financial planning and analysis team since 2021.

Revolut is still looking for a permanent financial chief, however, Stinga will continue serving as interim CFO for now and will oversee the release of the company’s 2022 overdue accounts.

The financial results for last year were delayed, in part due to complications following an audit of the firm’s 2021 accounts in which BDO said it could not verify the “completeness or occurrence” of three-quarters of the reported revenue of £636m.

Revolut is chasing regulatory approval in the UK to offer services as a fully licenced bank and a clean set of financials for 2022 will be a key step in achieving that.

Earlier this month, Revolut appointed Francesca Carlesi, an Italian fintech entrepreneur and former banking executive, to head up Revolut NewCo, an arm of the company that will oversee the firm’s UK banking operations pending regulatory approval.

Revolut is currently in talks to relocate its headquarters to a more central area of Canary Wharf, according to property news site Costar.

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