Controversial London fintech Revolut has reportedly called in the services of defamation lawyers and PR crisis management experts, amid a raft of recent negative press.
Online finance site Yahoo Finance UK reported that two sources told it that Revolut had appointed MHP Communications to act as external PR and communications advisors.
The report also claimed that Keith Gladdis, a former news editor at the Daily Mail, is understood to be working on the account.
The new service also reported that a spokesperson for Revolut said appointing an outside PR firm was the “logical development for a large and growing business.”
“MHP Communications will undertake a programme of proactive campaigns and media strategy to support Revolut in its next phase of international growth, led by the agency’s specialist financial services team. This includes launching in north America and Asia as part of a long term programme of international expansion,” Yahoo Finance reported the spokesperson as saying.
Reports of toxic culture
Last month Wired magazine reported on what it claimed was a “toxic” culture within the billion dollar startup, one of the most successful new financial technology companies in the UK.
Yahoo Finance also reported that the company has called in defamation lawyers in a bid to “advise on libel, slander and internet defamation matters and recommend to senior management the steps required to protect the business’s reputation by bringing or defending such claims.”
Revolut CEO Nikolay Storonsky has previously denied any allegations of money laundering and negligence. The company also said that it was putting in place improvements around working practices at the company.