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banking license

2 statements across 2 episodes · 0 bullish · 0 bearish · 2 people on the record · first statement Dec 2, 2024 by Nik Storonsky · across every show →

Everything said about banking license, oldest first

Dec 2, 2024
Insight
Storonsky: Secure a banking license before acquiring customers when building a bank
“Oh, what I really learned is it's so whenever you want to build a bank, you'd rather get a banking license before you have customers. So that's kind of, you know, key lesson, because as soon as you have many customers, millions of customers, tens of millions o…”
Nik Storonsky Dec 2, 2024 ▶ 9:30 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Aug 11, 2025 neutral
Insight
Mignot: Securing banking licenses is much easier before reaching scale
“I think he would, you know, I mean, I heard it said that a couple of times because, and you see today, it's a lot easier to get a banking license when you were, before you have scaled and then after you have scaled.”
Martin Mignot Aug 11, 2025 ▶ 58:12 Index Ventures Partner, Martin Mignot: Figma, Scale, Wiz: Inside Index’s Decacorn Factory · 20VC with Harry Stebbings
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