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 10 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 3 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: Global banking market will consolidate into a few tech-driven players
“Yeah, I think with time, in five years time, you, you'll see much less number of banks, and there are few global players.”
Storonsky: The retail trading boom is a permanent shift, not a bubble
“So that's why I think, you know, there is a fundamental shift, and it's not gonna go away.”
Storonsky: Revolut is ready to build a private bank for wealthy clients
“I think it was too early. Now we have a lot of customers, and then a lot of customers actually have a lot of balances with us. Some of them have, you know, millions on our accounts. So I think it's time to build the product making for people with a lot of liqu…”
Storonsky targets growing Revolut to 30-40 million daily active users
“And then hopefully to have I would say, 30 to forty million delective people. So now we're here, we're around ten million delective people.”
Storonsky: Tripling top European market share makes Revolut a 4X business
“So right now we have our penetration of market share. I would say it depends from five percent to sometimes 70%. On average, I would say 10%. So if we manage to go from 10% to 30, 40% market share in our top 10 markets, so there will be already probably four X…”
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 can outgrow local fintech incumbents in most markets
“If you add on top of our marketing, I'm pretty sure we can outgrow any local competitors in the majority of countries.”
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.”
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 will expand into five to ten countries each year
“So that's why we try to expand, well, not in as many countries, but like with reasonable speed in as many countries as possible, because we've done it before, we have playbooks, we know how to do it, so we slowly add five, 10 countries a year.”