Mr Storonsky, who founded Revolut in 2015, currently leads a company valued at $45 billion (c. £34bn). His incentive deal offers him a substantial increase in his stake if the company’s valuation more than triples. If all targets are met, the shares on offer could be worth up to 10% of the company, Financial Times reports.

The payout is structured in stages, triggered as the valuation crosses set thresholds. This arrangement predates Revolut’s $33bn (c. £25bn) fundraising round in 2021. Following a recent ownership reorganisation, Mr Storonsky’s direct and indirect holdings in Revolut exceeded 25% as of April this year.

A $150bn valuation would also generate significant returns for early investors like Index Ventures and Balderton Capital. Mr Storonsky previously guided Revolut to its $45bn valuation last year, where he sold hundreds of millions of dollars of his own stock.