Data has been the best and worst thing to happen to marketing
On one hand, it helps us make informed decisions and evaluate true performance
On the other hand, it has sucked out creativity and risk-taking, and everything just looks bland
Having recently hit 10 million customers, very happy to announce that
@RevolutApp
has raised $500 million in Series D funding at a $5.5 billion valuation.
Revolut 2019 Annual Report 📂
💰 Revenue tripled from £58 million to £162 million
📈 Customer growth increased from 3.5 million to 10 million
💳 Customer deposits increased from £890 million to £2.3 billion
📱 Daily active customers up 231%, paying customers up 139%
It took Facebook 5 years to make a profit
It took Amazon 14 years to make a profit
It took Airbnb 8 years to make a profit
But fintechs are expected to make a profit in 4 years
Whilst it may be popular to pop shots at Monzo right now, let’s not forget the amazing work they have done to drag banking into the 21st century. You won’t read about that in the recent media coverage, because clicks...
Two years ago today, we sent out an email to customers that basically said: “tell all your friends about us already”
That single email resulted in ~250,000 new accounts being set up. Stop complicating marketing.
Organisations talk a lot about diversity in terms of gender, sexuality and ethnicity. I’d like to see a much bigger focus on people from underprivedged and working class backgrounds. We rarely talk about social class in tech.
In the coming weeks, I’ll be launching my new podcast.
I’ll be chatting with some of the biggest names in tech and venture capital.
Unlike other podcasts, I’ll be asking the tough questions, getting personal and calling out the BS.
More to follow 👀
Talk is cheap. Stop referring to people who Tweet as “Fintech influencers”. If they haven’t built and scaled a successful fintech, then they aren’t in a position to influence.
All the people on Twitter attempting to shit on Revolut’s success all have one thing in common: they’ve never built a successful business, or they’re dried up consultants.
Did you sign up for a trial subscription about 4 years ago that you're still paying for? We know the feeling. With Subscriptions,
@RevolutApp
's newest feature, that’s not a problem any more.
I’ve never understood why hiring hundreds or thousands of employees is seen as a measure of success.
I have way more respect for startups who automate where they can, and keep employee headcount lean.