Storonsky wants Revolut to be Europe's answer to Meta and Google

Revolut CEO Nik Storonsky said at the Wave by Vento conference in Turin that the company aims to grow beyond banking into a global tech company on the scale of Meta, Google or OpenAI, but built in Europe. Revolut already trains its own foundation models on transaction data and is building data centres, and plans AI agents for shopping and financial advice via an open MCP platform.

• Storonsky wants to build a global tech company out of Europe, not compete with the US
• Revolut trains its own LLMs on transaction data and is building data centres for them
• The platform will open to third-party AI agents via MCP with customer-authenticated actions
• An August share deal for Storonsky targeted a $500bn valuation for Revolut