Nik Storonsky

Nik Storonsky co-founded Revolut with Vlad Yatsenko and launched it in 2015. The first problem was narrow: make spending and moving money abroad easier and cheaper. Storonsky had worked as an equity derivatives trader at Lehman Brothers and Credit Suisse. His education in physics, mathematics and economics gave him a technical base, while his banking work put him close to financial products and their costs. Revolut expanded from transfers and foreign exchange into a wider set of services. It launched Revolut Business in the European Economic Area in 2017 and received a banking licence from the Bank of Lithuania in 2018. In 2019 it expanded into Australia and Singapore, followed by the United States and Japan in 2020. These were separate steps in building a broader service, rather than one global bank appearing at once. The operating story includes failures as well as launches. In a July 2018 letter, Storonsky explained a card-payment outage caused by a third-party processor. He said Revolut was building its own processor and a better way to notify customers. He accepted that the company had neglected its communications system. The useful lesson is specific: an outside supplier’s failure still becomes the product company’s customer problem. In March 2019, responding to criticism of working conditions, he acknowledged mistakes in the company’s culture. He described changes to staff surveys, performance reviews and employment processes. These were his stated responses, not independent proof that every problem was solved. His 2020 introduction to Revolut 7.0 shows the product aim taking shape: spending, saving, investing and payments brought into one app, with a simpler way to find each task. Company records and the October 2026 David Senra episode identify him as co-founder and CEO. His career gives founders a way to study the move from one clear customer need to a wide product range, while keeping reliability, people and the limits of each banking licence in view.