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Revolution has begun paying cash to staff as part of a review of the Fintech remuneration policy of $ 45 billion, moving away from an earlier system that only granted capital bonds.
Fintech, based in London, which delivered almost 180 million in payments based on personnel in 2024, modified its annual performance bond program last year to include cash awards for the first time, according to a dissemination in its annual report and people familiar with the matter.
Change means that eligible Revolutive Employees will receive performance bonuses as a mixture of cash and capital, completely in capital or completely in cash, depending on their roles and levels of seniority, people said. Historically, all staff bonds were paid as shares awards.
Policy change is ahead of a possible initial public offer of a bumper for Revolution in the coming years. Despite the Oberturas of the United Kingdom officials, the company continues to favor a possible list in the Nasdaq market in the United States instead of London, Financial Times said previously.
Revolution last year obtained an assessment of $ 45 billion in a secondary sale of shares, consolidating its position as the new most valuable company in Europe. The sale of shares obtained an unexpected gain of approximately $ 500mn for more than 2,200 employees who discharged shares.
The company said the new bonus scheme “reflected the feedback of employees”, with the personnel who request greater flexibility in the Variable Compensation Structure of Fintech.
Superior employees are expected to receive a greater capital proportion as part of their bonus prize, while Junior employees will receive a higher cash component, said an informed person about the new policy.
The introduction of the new cash bonuses helped boost the amount that Revolution spent on salaries, salaries and bonds last year to £ 485mn, a jump of almost 40 percent in the previous 12 months, according to their annual report.
Meanwhile, the company distributed £ 179 million in payments based on shares to employees during the same period, a triple increase the previous year.
“Only interannual increases in the costs of the personnel were recorded to take into account the impact of the synchronization of the cash bonus that we first extended to a broader population of revolts instead of capital, and for the increase in our charge of payments based on shares promoted by the valuation of the highest company,” said Revolution in its annual report.
This week, Revolution reported earnings before taxes of £ 1 billion, after it was promoted by the increase in the number of customers and an increase in cryptocurrency trade.
After a prolonged, and three -year -old process with the regulators, the Fintech He assured a banking license from the United Kingdom with restrictions in July last year, which was considered a milestone for the company.
Revolution said: “All the roles previously eligible for equity will continue to receive it, since we believe that employees should have capital in the company and act as owners. The cash component aims to provide greater liquidity, particularly for our most junior colleagues, in response to their comments.”