Nikolay “Nik” Storonsky, born in Moscow in 1984, transitioned from equity‑derivatives trader at Lehman Brothers and Credit Suisse to fintech juggernaut when he co‑founded Revolut in 2015. Today, the digital bank boasts over 50 million users and a valuation of around $45 billion. Nik Storonsky luxury travel

Revolut was last valued at $45 billion in a secondary share sale in August 2024 and reported in April that it generated $1 billion net profit on revenues of $4 billion last year. Storonsky was reported to have sold shares worth over $400 million in secondary shares.

Storonsky himself ranks among Britain’s richest, with a personal worth near $7.9 billion.

From Fintech to Luxury Rentals

Storonsky made his name in the tech world by launching Revolut in 2015, a digital financial super-app that now serves more than 50 million users worldwide. Under his leadership, Revolut reached a valuation of $45 billion, making it one of Europe’s most valuable fintech companies. And as eSIM fans, we can’t help but point out that Revolut has also embraced travel tech by offering global eSIM services directly within its app — a smart move for its increasingly mobile user base.

Under his leadership, Revolut reached a valuation of $45 billion, making it one of Europe’s most valuable fintech companies.

Now, the Russian-born entrepreneur is expanding into the travel and hospitality space through a new venture called Utopia Design.

Utopia Design: A Discreet Expansion

Storonsky’s new company is building a network of luxury rental properties in some of the world’s most desirable destinations: Spain, Brazil, and the Dominican Republic. Unlike the traditional high-profile launches often seen in the hospitality industry, this move has been made quietly, with minimal public announcements or branding campaigns.

According to Forbes reports, Utopia Design is backed by Storonsky’s family. While the exact financial scope and strategic roadmap of the venture remain under wraps, sources indicate that the focus is on high-end vacation homes positioned in popular resort areas. These properties aim to cater to affluent travelers seeking comfort, privacy, and curated experiences.

What We Know

• Name of the business: Utopia Design
• Countries involved: Spain, Brazil, and the Dominican Republic
• Business model: Luxury vacation rentals
• Funding: Backed by Storonsky’s family
• Public presence: No official website or public booking platform has been launched as of now

A Broader Strategic Shift?

Storonsky’s move into luxury travel mirrors a broader trend of tech entrepreneurs diversifying into lifestyle and real estate investments. With the luxury rental market experiencing strong post-pandemic demand, his entry could signal long-term interest in building a premium hospitality brand.

Whether Utopia Design will stay a low-profile family operation or evolve into a larger brand remains to be seen. So far, there’s no indication that the venture will integrate with Revolut, but such a synergy — offering luxury stays to premium Revolut users, for instance — remains a possibility down the line.

Final Thoughts

Nik Storonsky, once known solely as a fintech disruptor, is now entering the competitive world of luxury travel. With Utopia Design, he’s adding a new chapter to his entrepreneurial journey — one that trades neobanking dashboards for oceanfront villas and premium escapes.

As more details emerge, all eyes will be on how this discreet project unfolds — and whether it becomes the next bold move from one of the UK’s most influential tech billionaires.