This Crypto Business Doubled Their Assets In A Year | Nik Storonsky | Pomp Podcast
Anthony Pompliano Anthony Pompliano
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 Published On Jun 29, 2021

This is an episode of The Pomp Podcast with host Anthony "Pomp" Pompliano and guest, Nik Storonsky, is the cofounder and CEO of Revolut, one of the UK’s largest private businesses. Revolut offers everything from currency exchange and surcharge-free ATMs to global transfer payments and budgeting.

In this conversation, we discuss building billion dollar fintech company, pandemic insights to user behavior, serving retail and enterprises, crypto & stock trading, lessons from 2020, and his personal portfolio.

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Pomp writes a daily letter to over 140,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

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TIMESTAMPS:

0:00 - Intro
0:34 - Building Revolut
02:04 - Nik's Background at Lehman and Traditional Finance
02:47 - Retail Trader Offerings at Revolut
04:05 - Changes in User Behavior during the Pandemic
05:20 - Cash flow into Crypto
06:06 - Business Acounts
09:13 - Geographic Expansion
12:47 - Crypto Trading
15:14 - Lessons From Gamestop and Meme Trading
17:40 - Lessons Learned From 2020
19:06 - Transition from Payments System to Brokerage
20:02 - Does Nick Feel Any Pressure?
20:55 - Future Products at Revolut
24:45 - Revolut Coming to the U.S.
25:48 - Nik's Personal Portfolio
27:06 - Most Important Book
28:05 - Sleep
29:13 - Aliens. Believer?
30:04 - Question For Pomp
31:50 - Where to Find Nik Online

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