{
  "id": 1951208,
  "title": "Revolut to allow CEO to borrow up to $250m against his shares, reports say",
  "url": "https://urgent.news/2026/08/19/revolut-to-allow-ceo-to-borrow-up-to-250m-against-his-shares-reports",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-19T14:42:50.000Z",
  "source": {
    "name": "Sifted",
    "slug": "sifted",
    "url": "https://sifted.eu/articles/revolut-ceo-to-borrow-250m/"
  },
  "original_language": "en",
  "account": "Fintech company Revolut is seeking investor approval to allow its CEO Nik Storonsky to borrow up to $250 million against his shares, reports indicate. Currently, the cap on Storonsky's borrowing is $50 million. The proposed changes, outlined in documents seen by the Financial Times, would also remove the requirement for the board to approve larger share pledges. Storonsky, who owns 29% of Revolut, is the only employee eligible for borrowing against his shares without board approval. The documents, part of codenamed \"Project Shasta,\" would raise the borrowing cap to $250 million and broaden the types of shares that can be used as collateral. While Storonsky could still exceed the $250 million cap with board and 75% shareholder approval, these updates do not pertain to an IPO timeline or strategy. Revolut, valued at $115 billion after a recent employee share sale, is negotiating a new share deal that could further increase Storonsky's stake if the company reaches a $500 billion valuation.",
  "summary": null,
  "key_points": [
    "Revolut seeks approval to let CEO borrow $250M against shares.",
    "Current borrowing cap for Storonsky is $50M, set to increase.",
    "Project Shasta changes remove board approval for large share pledges."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}