Revolut’s four-year-long partnerships head Rishi Stocker departs
Revolut’s first head of partnerships Rishi Stocker is leaving the start-up after joining the fintech back in September 2016 as one of its earliest employees.
Stocker’s four-year-long stint marks his longest employment to date, having spent two years at Unilever and then a further two years at San Francisco-based Square-Trade.
“I now plan to set up a business of my own and I’m working on a few ideas in stealth,” says Stocker in a LinkedIn post breaking the news. Details of what this venture will look like are yet to be revealed.
No new ‘head of partnerships’
Stocker spearheaded Revolut’s Japan launch
FinTech Futures reached out to Revolut for comment on who would be stepping into Stocker’s shoes in the interim.
“These days we don’t have an official head of partnerships, as we have a number of partnership roles responsible for many different aspects across both Revolut (retail) and Revolut Business,” a spokesperson says.
“The closest [to this role] is Mase Murangi, Revolut’s Senior Growth Partnerships Manager.”
Whilst Stocker joined as head of partnerships in 2016, he moved into expansion as a lead international launcher in 2017. He spearheaded Revolut’s Japan launch, before taking on a number of other roles in the business, according to the spokesperson.
Revolut’s partnership play
This year alone, Revolut has bagged an impressive string of new partnerships in its effort to reach ‘super app’ status.
These include Adzooma for its marketing services, Clear Books for its accounting software, and Flagstone for its saving vaults which offer an annual equivalent rate (AER) of 1.35%.
Revolut has also rolled out various new services with existing partners too. In February, the fintech and its financial application programme interface (API) provider TrueLayer launched an open banking feature allowing users to link non-Revolut bank accounts to their Revolut app.
Whilst UK banks do offer this service, the list of banks they connect to is still limited to fellow incumbents, and not challengers, in most cases.
“I think this is the moment open banking will go mainstream,” True Layer’s co-founder and CEO Francesco Simoneschi told TechCrunch at the time.
“Revolut is putting this feature at the very core of their customer journey and will set the standard for the next phase — not just in the UK but everywhere.”
Revolut’s 2020 executive departures
This year – particularly in April – Revolut has experienced a string of heavyweight departures from its high-growth ranks.
Earlier this month, TechCrunch revealed that Revolut’s head of regulatory compliance is leaving. He will take up the position as Barclays’s new chief of staff to the group chief compliance officer.
Richard Davies, Revolut’s CEO of Banking, exited in July after just one year at the challenger. He will now head up challenger Allica.
In June, Revolut’s vice president of growth Hannes Graah left the digital bank, according to Finance Magnates.
In April, North America general manager Dan Westgarth and lead data scientist Abhi Thanendran both left, Financial News first reported.
Global head of employer branding Anca Pintilie and regulatory reporting manager Alexander Gratz left the firm in the same month. Pintilie exited just eight months after she joined, prior to spending nearly five years at Oracle.
Also in April, Revolut lost its deputy chief financial officer Stefan Wille, and its interim head of finance, Anne Borzenko.
Kicking off the April executive cull was the exit of André Mohamed, head of wealth and trading. Seven-month strong chief financial officer David MacLean had announced his departure due to “personal reasons” just one month prior.
