Competition, Intensity & Building a $115 Billion Global Bank | Nik Storonsky, Revolut

Nik Storonsky is the co-founder and CEO of Revolut, a digital bank valued at $115 billion that is available in 38 countries. A former trader, he started Revolut with a card for spending abroad without bank fees and expanded it into a full-service bank with the goal of becoming number one in 100 countries. Nik explains why founders have an edge over professional CEOs, how he runs Revolut like a machine, and why he funds product bets algorithmically, doubling down on winners and cutting losers. He discusses hiring self-guided people over experienced executives, what Europe's regulatory constraints taught him, why he keeps VCs off his board, starting the Quantum Light fund, buying ads across Europe's airports, and how AI is changing the way Revolut is organized. Show notes: https://www.davidsenra.com/episode/nik-storonsky Made possible by Ramp: https://ramp.com Deel: https://deel.com/senra AppLovin: https://applovin.com/senra David Senra X: https://x.com/davidsenra Instagram: https://www.instagram.com/davidsenra LinkedIn: https://www.linkedin.com/in/davidsenra Facebook: https://www.linkedin.com/company/senrashow Threads: https://www.threads.com/@davidsenra Spotify: https://spti.fi/TVrr557 Apple Podcasts: https://apple.co/4msoZtb Website: https://www.davidsenra.com Nik Storonsky X: https://x.com/NStoronsky LinkedIn: https://www.linkedin.com/in/nstoronsky Chapters 00:00:00 Coming for Jamie Dimon's dinner 00:02:04 Building the #1 bank in 100 countries 00:06:12 Why founders beat professional CEOs 00:08:45 Revolut's biggest mistake 00:12:47 Why legacy banks can't innovate 00:17:20 Running a company like a machine 00:20:28 Funding winners and cutting losers like a trader 00:23:31 How AI is changing Revolut's team structure 00:25:23 50 direct reports and spreading innovation fast 00:29:59 Hiring self-guided missiles 00:33:31 Too much money makes founders weaker 00:37:38 What Europe's constraints taught Revolut 00:41:08 Why VCs are like football cheerleaders 00:49:28 Starting a fund to compete with VCs 00:54:28 From zero marketing to buying Europe's airports 01:00:21 Funding moonshots like a global tech company 01:03:58 Building an unstoppable machine

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