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Inside Revolut: How Nikolay Storonsky Built a $45B Fintech Empire
Feb 28, 2025
Nikolay Storonsky, CEO and Co-founder of Revolut, dives into his journey of building a $33B fintech empire. He reveals why ignoring traditional banking norms propelled Revolut’s success. Nik discusses his decision to stop relying on VCs even after raising $2 billion and how the company navigated the complexities of regulatory frameworks. He emphasizes that systems can be hacked and endurance is key, outlining lessons learned from early challenges and the importance of culture and metrics in driving efficiency within a fast-paced startup environment.
01:20:53
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Quick takeaways
- Revolut's success stems from prioritizing stable revenue over speculation, enabling consistent growth amidst financial uncertainty.
- Drawing from personal frustrations with traditional banking, Nikolay Storonsky designed Revolut to simplify currency exchanges and enhance user experience.
Deep dives
The Importance of Guaranteed Revenue
The speaker emphasizes the importance of guaranteed revenue in running a business. Unlike banks that often invest customer money into speculative financial instruments, a focus on stable, predictable income is prioritized. This approach minimizes risks associated with financial uncertainty, allowing for consistent growth. The emphasis is placed on avoiding speculation to ensure the business operates within a reliable revenue framework.
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