Some interesting quotes in the interview with Revolut’s CEO -
“Our goal is to get beyond banking. You don’t really need to be a bank and being a bank actually limits you. If you look at all of the digital banking startups, they’re all local right — only UK, only France, only Germany.”
So he obviously hasn’t read Monzo’s latest investment deck!
&
“Out of all the startups you mentioned — Monzo, Number26 — I think we’re going to get at least 10 times more compared to them, just because the different business lines that generate us revenue.”
It’s a shame he doesn’t break that down though…
Also:
530,000 users across 42 European countries after just 18 months.
Tom mentioned in this interview that Revolut offer cash incentives for new users to sign up.
Revolut … has raised over £12 million
Revolut is launching superfast peer-to-peer loans that will let users borrow up to £5,000 in as little as two minutes.
“In April we are launching travel insurance and device insurance, giving you wholesale rates. It will be 40-50% cheaper compared to other providers. We’re also launching a wealth product where you can effectively invest in different asset classes at the best possible price.”
[is] currently testing its business product with several companies and plans to launch the service in April
“right now when you order a card you pay £5 and you’ve got different delivery methods. 50% of users, they chose to pay for fast delivery. The other is interchange revenue, we’ve got fair use revenue, ATM revenue.”
[They have] 90 staff