Nik Storonsky

A major trend in finance is the rise of so-called challenger banks—online financial institutions that have acquired millions of customers by offering debit cards, checking accounts, and a range of other free or low-cost services. Among the most prominent of these is London-based Revolut, which is led by Nik Storonsky, an edgy former trader whose ambition is to build “a single global platform to serve all the financial needs of the modern consumer”—from stock trading to cryptocurrency. Storonsky has led Revolut’s expansion from Europe to Singapore and Australia, and is now pushing headlong into the competitive U.S. banking market.