Nik Storonsky wants Revolut to be Europe’s answer to Meta and Google
Revolut wants to grow beyond banking into a global tech company on the scale of the biggest US groups, but built in Europe, chief executive Nik Storonsky said. He spoke with Exor chief executive John Elkann at Wave by Vento in Turin, in a session titled “Global Champions, European roots”.
“Our American dream, I mean, in this case, European dream, would be to build a global tech company similar to Meta, Google or OpenAI, but out of Europe,” Storonsky said.
That would mean other technology services and products, not only banking, he said, though still related to finance. In August, TNW reported that a new share deal for Storonsky targets a $500bn valuation for Revolut.
Building its own models
Revolut already builds its own foundation models, trained on transaction data, and its own large language models, Storonsky said. It is also building its own data centres to train them. The...
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