10:24, 29 March 2021 Page views 666 views

Revolut head says they have no plans to enter Russian market

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Nikolai Stronsky noted that he would not like to compete with the Chinese, Russians and Americans, since these nations have the most powerful companies and an aggressive business environment.

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He told Oleg Tinkov about this in the Business Secrets program.

When asked about the capitalization of the Telegram messenger, the Revolut founder named a figure of $50-100 billion. In his opinion, the messenger is not popular in Western countries, because this market share was initially occupied by WhatsApp.

Stronsky also gave a piece of advice to German Gref, head of Sber. The employees of the state-owned bank are “too relaxed” for doing business, Stronsky believes, and 5-10 years later, Sber may face the same problem that big banks in the USA and Great Britain experienced a while ago.

“When there are a lot of resources, little competition, no continuous influx of young blood, then everything is declining a little bit,” said the founder of Revolut.

Source: vc.



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