A report describes high turnover and toxic workplace culture at finance startup Revolut

A pair of reports last week drew a negative picture of the UK-based financial industry Revolut. Telegraph explained that Wired had a job where sales and toxic behaviors were rampant while the company was shutting down systems designed to prevent money laundering in three months in 2018. It is denied.

Revolut is a financial application company that allows users to send money to each other, exchange various types of currency and encrypted currencies, and issue debit cards. Founded in London in 2015, the company says it has 4 million customers who portray themselves as an alternative to traditional banking by eliminating fees and have transferred over £ 25 billion through 250 million transactions. This service has not yet begun in the United States. It comes from a website. There is a waiting list waiting for interested users.

Wired 's report explains the growing pains that are so familiar to startups that are working to grow at all costs. We will explain in detail the 24/7 business mentality and managers who have set very high goals for their employees, and will suddenly fire unexpected employees. The report details the cost of one-on-one and the culture of exhaustion, and a survey of former employees found that most did not last more than a year.

This report details how prospective employees will take the 200 exam tests per week and consider subsequent interviews. [19459003Wired Note "may be contrary to government recommendation." Revolut did not answer questions about Wired work culture, but in his statement, "culture has evolved as fast as we" 19659007] The Telegraph saw more pairs of reports that did not use automated systems to prevent money laundering and illicit transactions between July and September last year. The company informed the board last year that the whistle-blower informed the board that "the original decision to cut off the transaction-stopping mechanism is wrong and suggests that the system and control failed to be remedied." The Telegraph But the company's CFO said he resigned in January.

Revolut CEO Nikolay Storonsky stated in a blog post on his website that The Telegraph conducted a "high sanction review system" that did not work as expected. . He also said the company has reviewed all transactions that occurred during that period and that money laundering has not occurred.