Stavros Anastasiou, an executive in the FX and CFDs industry, has been appointed as a Board Advisor at Revolut. Anastasiou previously served as Chief Executive Officer of Markets.com in Cyprus for about two years and five months.

Revolut Appoints Cyprus Trading Industry Veteran

He also served as an Executive Director at Safecap Investments Limited, a CySEC -regulated firm in Cyprus. He remained in that position for about four years and one month, focusing on board-level oversight and regulatory matters.

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In parallel, he served as an Executive Director at Magnasale Trading Limited, operating as Finalto Europe, also in Cyprus. He held this position for about four years.

Earlier, Anastasiou was Group Chief Commercial Officer at Finalto in the United Kingdom for about five and a half years.

Expansion Plans in Asia

Revolut is considering entry into China as part of its expansion across Asia, according to a pitch deck shared with investors last year, cited by Sifted. The fintech explored opportunities for hiring, licensing, and market scoping in China, which has over 1.4 billion people.

The market is dominated by local payment providers such as Alipay and WeChat. Revolut has partnered with Ant International, part of Alipay’s parent company, to enable yuan transfers to recipients in China, targeting the country’s $48 billion in annual remittances.

The company’s expansion plans also cover the Middle East, including Saudi Arabia, Kuwait, Indonesia, and Turkey. Revolut described regulatory conditions in Asia-Pacific as “neutral,” MENA countries as “friendly,” and Europe as “aggressive.”

Financial Performance and Licences

Founded in 2015, Revolut started as a challenger bank and now holds banking licences in the UK, Mexico, and Lithuania, while pursuing licences in New Zealand and France. In 2024, the company reported $4 billion revenue, $1.4 billion pre-tax profit, and strong growth in its wealth division, largely driven by crypto trading.