Nik Storonsky, co-founder and chief executive of fintech firm Revolut, is facing a legal dispute involving a €17.5 million commission claim linked to the purchase of a luxury superyacht. The case has been filed by London-based yacht brokerage Cecil Wright & Partners in the High Court, alleging that Storonsky bypassed the company in a deal for a vessel valued at approximately €350 million.

Cecil Wright & Partners contends that it initially introduced Storonsky, 42, to the 102-meter yacht, which is being built by the German shipyard Lürssen, and was the “effective cause” of the sale. However, the brokerage claims that Storonsky ultimately acquired the yacht directly from the seller in January without paying the agreed five percent commission. The firm has said this is their first occasion pursuing legal action against a client.

The yacht in question features numerous high-end amenities, including a 25-foot glass-bottomed infinity pool, a beach club with bar and dining areas, gym facilities, a helipad, a beauty salon, movie theater, sauna, and spa. It accommodates up to 12 guests across ten cabins and employs a crew of about 34. Charter rates reportedly start at €2.4 million per week, with overall expenses reaching around $2.8 million.

The vessel’s ownership history is complex, having been initially commissioned by Canadian businessman and former hockey player Patrick Dovigi. It was later sold to a Brazilian banker who was arrested on fraud allegations late last year, prompting Dovigi to reacquire the yacht before ultimately transferring it to Storonsky.

Storonsky’s family office has dismissed the claims as “without merit” and stated that they intend to defend the lawsuit, declining further comment as the matter is now before the courts.

Storonsky, a British citizen born in Russia, co-founded Revolut in 2015 with Vlad Yatsenko, beginning with roughly £300,000 in savings. The company has since grown into a leading player in the fintech sector, operating across payments and cryptocurrency trading, and recently received regulatory clearance to operate as a bank in the UK. It is reportedly valued at around $75 billion following a share sale last year and serves approximately 75 million customers globally.

Previously, Storonsky renounced his Russian citizenship in 2022 following Russia’s invasion of Ukraine. His family office’s reported change of his residential address to the United Arab Emirates raised regulatory scrutiny but was later described as an administrative error. Storonsky reportedly maintains a reputation for a demanding management style.