Keep pulling the thread on Nik Storonsky.
Revolut is the most valuable pre-IPO company in Europe.
Revolut is currently applying for a U.S. banking license.
Revolut has achieved 20% market penetration among adults in Europe, with one in five adults using its cards.
In Ireland, Revolut has achieved 80% market penetration, with four out of five adults using its services.
Nik Storonsky predicts Revolut will be ready for an Initial Public Offering (IPO) in approximately two years.
Quantum Light's first fund raised $250 million, with Nik Storonsky contributing approximately 25% of the capital.
Nik Storonsky claims Quantum Light's actual performance places it in the top 4-5% of venture funds globally, with returns of 30% to 40%.
Revolut has an internal target to reach 100 million daily active customers.
Revolut operates as a digital bank and provides services in more than 40 countries.
Revolut's initial product was designed to save users $50 to $70 on every $1,000 spent internationally by offering the interbank exchange rate.
Revolut did not spend any money on marketing for its first five to seven years of operation, growing entirely through word-of-mouth.
Revolut holds a European banking license and is regulated by the European Central Bank.