Richard Kett

[Richard Kett @RCK1980]

@ftfinancenews FT didn’t even report on the news of the next $115bn secondary round (Bloomberg stole the march on that).

Is this an attempt at shoehorning that news in, after the fact 😂

[Richard Kett @RCK1980]

@LauraKirk12 Agree! What is that all about???

[Richard Kett @RCK1980]

@MattWinton2 But valuations are often built on potential not just current state.

For NU to obtain the number of bank licences Revolut has will take time

[Richard Kett @RCK1980]

@MattWinton2 I understand the point but I don’t agree.

Having principles is powerful. In this case it may well work against us (marginally), but in other instances it can help (solid wage structures for example).

[Richard Kett @RCK1980]

@Futurenvesting I think Revolut is now operating in Latam markets , whereas NU is not available in 20-30
Other regions where Revolut is active

I like both of these in terms of huge growth potential

[Richard Kett @RCK1980]

@maxkarpis No, but imagine many will be looking to lose some risk north of $100bn

[Richard Kett @RCK1980]

@elenalovely06 @business 75m users (and growing fast)

[Richard Kett @RCK1980]

@DanRichards0n @maxkarpis @FrankConway2025 I agree that invariably most of this 5m will be in that age bracket.

…but 5m/31m (total customer / adult population in Poland) is more like 16% (not 10% as reported)

[Richard Kett @RCK1980]

@aishagani Huge news

[Richard Kett @RCK1980]

@QuibbleUK @emeraldthiele I’ve been given a ticket from St Albans council for this exact error before (it was a virtual permit for a friends car on a residential street)

The retracted it after appeal

[Richard Kett @RCK1980]

@maxkarpis Spot on Max. I think the light balance sheet is absolutely an intentional strategy. Once mature, they will scale mortgages / lending.

[Richard Kett @RCK1980]

@alansritchie @DanNeidle @Jan_Leeming Auto invested government backed instruments over its life (to protect against inflation).

People could decide exactly when to switch into an annuity (from say 60). Earlier = reduced annuity, later = enhanced annuity

[Richard Kett @RCK1980]

@DanNeidle @Jan_Leeming The government should commit to start funding personal NI accounts for new births (and topping up yearly as the personal completes eligible years).

Much like the underfunded private final salary scheme’s , it would help to make it more sustainable

[Richard Kett @RCK1980]

@Revolut Hi Revolut team. When did the company hit 75m customers ?

[Richard Kett @RCK1980]

@maxkarpis I’m on a Revolut mobile plan and it works perfectly 👍

[Richard Kett @RCK1980]

@ownsomeshares $100bn round incoming …

[Richard Kett @RCK1980]

@StanCollymore @tSHandJ Palmer is the real shocker. If things are tight you need this exact type of talent/creativity to unlock things.

I’d have taken Wharton over Henderson but I do understand the thinking

[Richard Kett @RCK1980]

@Xelini89 @business I wouldn’t say Revolut is like Costco or Santander. It does generate revenue from subscriptions but that’s just one part of a diverse revenue segments.

In 2026 the revenue estimate is $9bn - so heading in the right direction to support a higher valuation in 2028