Inside Revolut’s Growth Machine with Martin Mignot of Index Ventures
Hey Digital Banking Fanatic!
Recently, I had the opportunity to have a great conversation with Martin Mignot from Index Ventures. Our conversation was regarding one of the biggest digital banks in the world, I'm pretty sure you guessed it right: Revolut.
Index backed Revolut in its Series A back in 2016, when it was still a young startup focused on FX. Nearly a decade later, it’s grown into a major global player, serving 50+ million customers, generating $4 billion in revenue, and continuing to expand across new markets and product lines.
Martin credits much of that growth to what Revolut’s CEO, Nik Storonsky, once described as “the machine that builds the machine”, a structure designed for speed, scale, and precision. The company tracks performance at a granular level, runs constant product tests, and adjusts quickly to what the data shows.
Their approach to international growth was also something: "Rather than follow a linear path, Revolut launched broadly and scaled where traction emerged. He never thought of the UK as separate from Germany or France, or the US. Their approach was to launch in as many markets as possible, see where things were working, and double down there." Martin shared.
Nik says that Revolut's goal is to reach 100 million daily active users and become the number one in 100 countries. How they plan to get there and what has brought them this far is a story worth exploring.
Read all the other Digital Banking industry news below 👇 and I'll be back with more tomorrow!
Cheers,
DIGITAL BANKING NEWS
🎤 Inside Revolut’s growth engine: A conversation with Index Ventures partner Martin Mignot. In an exclusive chat, Mignot praises its operational predictability and enormous growth potential, calling it one of the firm’s best investments ever. Read the full interview here
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