The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 180 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 7 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Storonsky: Revolut will launch its full European product suite in the US
“As soon as we get trading license, We'll add all the products that we have on the Revolut for US market.”
Storonsky: Revolut aims to be top two in every market within five years
“So I want to be a global business, and to be either number one or number two in every single country where we're in.”
Storonsky: Revolut reinvests 100% of its gross profits into marketing
“So our view is we optimize as much as possible gross profit. So we minimize costs, we optimize revenues on the one side, then we generate profits, and then all the profits we invest in marketing.”
Siemiatkowski predicts Revolut founder Nikolay Storonsky will successfully transform retail banking
“I know you're going to have Revolut as an example, or you already had Nick. Like, obviously, partially, he's a competitor to me, but much more, he's a soulmate to me. Like, he's also going to change this industry, and he's going to do that successfully”
Bek Entered Revolut at $200M Valuation Before It Surpassed $100B
“Well, it depends on which valuation, but we entered at 200, no, 182 hundred million, and I think the latest valuation is over a hundred billion.”
Chernin: Enterprise AI adoption will explode once evaluation cold-start issues resolve
“And I think we'll see a lot of explosive growth in enterprises, in the digital, including like in the cloud companies, in the cloud native companies like Revolut, Shopify, Prosus. Booking.com. When they solve this cold start problem, they build the system, how…”
Junestrand: Startups should leverage third-party AI tools over full vertical builds
“Yeah, I think we're not the size of Revolut or Deal, right? And so it probably doesn't make sense for us to do that. And Langchain and a lot of their surrounding tools have gotten a lot better. And so I think we're in the job of, and our engineering team is in…”
Chang: Revolut was the only Level39 startup working past 7 PM
“Level-Thirty-Nine is, yeah, for those who don't know, it's basically a giant, yeah, a startup co-working space with maybe over 200 startups, and Revolut was the only team that worked past seven p.m. On the weekday. So after seven p.m., the whole floor is dead.…”
Chang: Revolut was only possible due to recent EMI licensing regulations
“If you look at Revolut you know, I think Revolut is only possible because With the EMI license. And the EMI license was created, you know, just a couple years before Revelo was founded. So if, I don't think Revelo would be impossible, you know, 10 years before…”
Chang: Balderton repeatedly backs ex-Revolut teams due to past investment success
“Yeah, I think they really, really like the concept, and I think what they realize is, is a pretty good strategy, and I realize after the, you know, a lot of their investments, I think they, they've just, because they made so much money from the Revlon investme…”
Chang: Nikolai Storonsky is the person to crack the US market
“If someone's gonna do it, it's Nikolai.”
O'Driscoll: Revolut generated $3B revenue and $1B profit growing at 60%
“It's doing, I want us to last year, three billion in revenues, making a billion, growing at 60%.”
Gibson: Product trade-offs should be evaluated using a single metric like gross profit
“We try and denominate the different ideas in terms of the impact they can have on those goals. So let's say gross profit is your ultimate goal. You should be able to do some pretty basic calculations on should you build your new, let's say localized tax featur…”
Revolut gives major product bets at least a year to succeed
“If one of our kind of new bets is not hitting its goals that we set, we give those a good year or potentially even longer”
Revolut is experimenting with AI vibe coding for product prototyping
“We were talking about this week and trying it out in some areas. I haven't seen it done yet. I will be really interested. I think in principle it could work. I mean, I could see how it could be quite cool, but I'd be interested to see it. So I haven't formed a…”
Gibson: High Proportions of New Hires Dilute Product Velocity
“You cannot keep velocity going with a lot of new, because people need time to learn, right?”
Gibson: Revolut limits product teams to 10-12 cross-functional members
“We're talking about 10 to 12 per team. You don't want it too big. Keeping it small and lean is, is definitely the way to do it in my opinion.”
Gibson: Revolut employs product owners instead of product managers
“The way we structure product teams at Revolut Business and across all of Revolut is we have product owners who report into me and note we have product owners, not product managers.”
Gibson: High-performing candidates readily identify past career mistakes
“I like to ask people what their biggest mistakes were in their career, and people who I think are good tend to have a lot of mistakes, and they can identify at various stages all sorts of things that they would have done differently, and that's because you wan…”
Gibson: Target 70 to 80 percent goal attainment to ensure ambitious targets
“When you set goals, if you're always hitting a hundred percent of your goal, then you're probably not setting the right goals. If you're only ever hitting five percent of your goals, you either got a terrible team or you're not saying the right goals. So rule …”
Gibson: Revolut's executive team has stayed stable for up to eight years
“I think one of the most amazing things about Revolut is that we have a senior team who have been in the company now for quite a long time, and it's been relatively stable. And I've worked now with a bunch of people, my peers, and I've worked with them for, wel…”
Revolut hires product managers directly from graduate cohorts, engineering, and data
“We've just taken in a big cohort of grads directly. We also hire from engineering and data as well.”
Gibson: Double down on proven growth playbooks instead of hiring total overhaulers
“And what you end up finding kind of six months, 12 months later is actually the way you were doing it before that got you all that growth before was a great way to do it. And you should Probably just sort of double down on that and put more weight behind that …”
Gibson: Teams should limit focus to a maximum of five goals
“I don't think you should have any more than five goals at once. I think if you do, it starts to become too confusing. You're trying to optimize in too many different directions. So we try and keep it three to five per team.”
Stebbings: Revolut is incubating 26 new products in an internal venture lab
“Revolut internally has 26 new products that they are kind of baking in their venture lab, and they have insane testing, metric testing every week with Nick to determine what makes it to main stage, and they run them like little venture teams with different fun…”
Jack Zhang predicts Revolut is Airwallex's future competition
“I don't know about Revolut. I mean that's my competition ultimately in the future.”
Crespo: Revolut Has One of the World's Best Marketing Teams
“And the stories to the public are not necessarily coming from Nick, but again, he has one of the best marketing team in the world, full stop.”
Revolut advertises on airport jet bridges despite unmeasurable ROI
“For example, recently we started buying AirPods jet bridges and I personally believe IR on it is amazing but, you know, we clearly cannot measure it”
Storonsky: Winning Revolut products always show growth in months one to three
“Surprisingly, they, like, on month one, month two, month three, they always, you know, go up. So they don't have doubts.”
Storonsky says his main motivation for running Revolut is avoiding boredom
“Well, I asked it actually myself many, many times, and I have two answers, right, because A like what else to do, and B, I just need to do something, right, otherwise it's very boring.”
Storonsky: Only five of Revolut's 27 recent product bets hugely succeeded
“So usually, so out of 27 bets that we launched last two and a half, three years, like amazingly worked probably, let's say five. Five, six didn't work at all, and the rest is just, you know, somewhere in the middle.”
Klaus Hommels: Revolut is the European tech ecosystem's biggest blessing
“Revolut is it's, I think it's the biggest blessing that we have in the European ecosystem currently as a company”
Goldberg: Revolut's product velocity is unparalleled in any market
“Revolut's product velocity is, is just unparalleled in really any market at this point, including new bank.”
Goldberg: Revolut is the closest candidate to a $100B neobank
“Actually, the last time I was on your show, I think I predicted a hundred billion dollar in Neobank coming out of, you know, somewhere. And I think we're a lot closer. I think Revolut's the closest we're gonna see to that.”
Le Nel: Revolut cancels underperforming marketing campaigns after two weeks
“Well, so, I mean, on the marketing side we've been there's been some campaigns, for example, that we've been running in some countries where we've been using some creatives that were quite generic, and after two weeks we saw it was a disaster, and we just cut …”
Le Nel: Revolut is actively working on launching a mortgage product
“Well, we're working on it. I want mortgage.”
Le Nel: Celebrity brand campaigns fail if celebrities lack social media skills
“I think doing some big brand campaigns with some let's say some celebrities that just not necessarily super good with social media, let's put it this way that just doesn't work, you know.”
Antoine Le Nel: Revolut Is More Product-Driven Than Data-Driven
“That's the big difference, for example, with Revolut. I think we're a lot more product driven. Which means we spend more time looking at the product than looking at the data.”
Le Nel: Revolut growth accelerates weekly with no ceiling in mature markets
“And it's steady, and it's accelerating week after week, you know, we just monitor every week, the acceleration keeps on going, just because the engine gets more and more optimized, you know, as we are progressing, and for now, we definitely don't see the limit…”
Harry Stebbings: Chime is worth roughly a quarter of Revolut
“Chime, you know, is probably a quarter of the enterprise value of Revolut now.”
Le Nel: Revolut's Crypto Exchange Underperformed Internal Expectations
“I think, I mean, we launched the crypto exchange was a great product. I mean, it's doing good. I did not really, I mean, it did not necessarily pick up the way we wanted yet, but maybe, yeah.”
Revolut hit #1 in Romania and Norway using identical growth strategies
“We became number one in Romania and Norway, With the exact same strategy, the same, I mean, the same thing, you know”
Revolut had to cap sign-ups due to referral loop speed
“One thing we've done at Revolut was essentially engineer how fast or how short it takes for new people to invite their peers and their friends, which actually worked really well to a point where we had to cap how many people actually Sign up.”
Revolut increased user payment activation rate from 30% to 90%
“In the early days, like we had maybe an activation rate of so basically like new users that actually make a payment, it was maybe like 30, 35%. Like when I left, it was around 90%. So, like, nine out of 10 people actually made a payment.”
Revolut was founded after Nik Storonsky lost 10-15% on exchange fees
“And when he went to Vegas and took some money to play poker they took away around 10 to 15% because of the currency exchange. And because he was like, look, I mean, I trade hundreds of millions of dollars without paying any fees. He was like, hey, maybe there'…”