CMS has advised Revolut, a British and European multinational challenger bank and fintech company, on global offering of its banking and financial services to Ukrainian customers, including such customers in Ukraine.
CMS assisted Revolut in providing its cross-border banking services to Ukrainian customers, ensuring full compliance with the country’s financial and regulatory framework. This launch is part of Revolut's broader strategy to expand its services globally and supports Ukraine's financial infrastructure by providing accessible banking and other financial services to Ukrainians.
Revolut, founded in July 2015 by businessman Nikolay Storonsky and software engineer Vlad Yatsenko, offers banking services for individuals and businesses. The company operates in over 40 countries and has over 50 million users worldwide.
Ihor Olekhov, CMS Partner and Head of Banking & Finance in Kyiv, comments: “We are delighted to support long-standing client Revolut on the launch in Ukraine – this is a major milestone for the company in its global expansion. Our team’s deep banking and fintech expertise enabled us to play a leading role in helping Revolut launch its operations in Ukraine, guiding them through the legal and technical requirements to ensure a successful entry.”
The CMS team was led by Ihor Olekhov, and included Olga Belyakova and Mykola Heletiy (Commercial); and Bohdan Ilchenko, Mykola Heletiy and Yaroslav Pavliuk (Banking & Finance).