Nik Storonsky, the CEO and co-founder of Revolut, opens up about the neobank’s journey, challenges in global compliance, and the future of embedded finance in this exclusive fintech feature.
👤 Who Is Nik Storonsky?
Nik Storonsky is a British-Russian entrepreneur and ex-Lehman Brothers trader who co-founded Revolut in 2015. With a background in physics and finance, he transformed a simple travel card concept into a global neobank with over 35 million users.
🏦 What Is Revolut?
Revolut is a leading European fintech company providing digital banking, crypto trading, budgeting tools, and business accounts. Headquartered in London, Revolut is reshaping global finance with technology-first solutions.
- Founded: 2015
- Users: 35M+
- Valuation: $33B (2023)
- Presence: 35+ countries
🎙️ Exclusive Interview with Nik Storonsky
Q1: What inspired the launch of Revolut?
Nik: “I was constantly frustrated with high fees and inefficiency in cross-border payments. Revolut started as a smarter travel card — now it’s a full digital banking platform.”
Q2: What are Revolut’s main products?
Nik: “From everyday banking to stock and crypto trading, savings vaults, and even salary advances — we’ve created a financial super-app.”
Q3: How do you handle regulatory complexity?
Nik: “We operate under multiple licenses in the UK, EU, and other jurisdictions. Compliance is a core team, not an afterthought.”
Q4: What’s next for Revolut?
Nik: “More AI, more markets. We’re expanding in LATAM and the U.S., and launching credit, insurance, and payroll tools this year.”
🛠️ Revolut’s Key Features
- Multi-currency Accounts: Hold and exchange 30+ currencies instantly.
- Crypto & Stocks: Trade Bitcoin, Ethereum, and global equities.
- Business Tools: Accounts, invoicing, team expenses, and payroll.
- Security: Built-in budgeting, freeze cards, virtual cards, and 2FA.
❓ FAQ: Everything About Revolut
Is Revolut a bank?
Revolut holds banking licenses in the EU and UK, offering IBANs and deposit protection in selected countries.
Does Revolut offer crypto services?
Yes. Revolut allows crypto trading, tracking, and secure storage directly in its mobile app.
Can businesses use Revolut?
Revolut Business provides tailored solutions for freelancers, SMEs, and enterprises.
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🔗 Citations & Resources
Note: All information provided is based on publicly available sources as of 2024.