Revolut has offered staff shares in exchange for lower take home pay.
In Brief:
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The offer is being made in light of the Coronavirus crisis, as Financial News reports.
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The cofounders will also reportedly forego their salaries for a year.
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Employees can swap £1 worth of salary for £2 worth of share options.
What does this mean?
The lockdown has hit many banks hard, but as a huge part of Revolut’s USP is its use for travel and currency exchange, it’s likely to see a reduction in use – however it may benefit from the overall increase in use of FinTech as people are encouraged to stay home and use contactless payments where possible.
