The short version
Revolut’s CEO Nik Storonsky says AI will let two‑person teams run whole product areas. He plans to slow hiring after the firm secured an £85 billion valuation.
What happened
On the Cheeky Pint podcast, Revolut founder and chief executive Nik Storonsky said the firm is using artificial intelligence, software that can learn and make decisions, in almost every part of the business.
He explained that AI now handles engineering, marketing and customer‑support tasks, and that the company is trying to build an “AI employee” that can work end‑to‑end.
Once automation is complete, the firm will hire fewer people because a single employee could cover front‑end, back‑end and data‑science work.
The background
The company has already launched AI‑driven tools for business customers, such as receipt‑matching that works with 98 % accuracy and an automated cross‑sell system that uses a large language model (LLM, a type of AI that processes text) as a virtual account manager.
AI has also cut the time needed for compliance approval from 210 days to a much shorter period, speeding up product releases.
What it means for owners and operators
If AI can let a two‑person team deliver a full product line, owners may see lower payroll costs and faster decision‑making.
Operators can rely on AI to automate routine tasks such as receipt processing, compliance checks and product recommendation, freeing staff for higher‑value work.
The shift also raises risk: over‑reliance on AI could create single‑point failures, and staff may need new skills to manage and supervise AI systems.
The numbers
Compliance approval cycle reduced by 210 days.
Receipt‑matching accuracy of 98 %.
Our take
Analysis by Infercline · The counter-view
AI may let Revolut do more with fewer people, but hiring cuts could still be years away.
What to do in your business tomorrow
- Map which repetitive tasks in your team could be handled by AI tools and pilot a small‑scale automation project.
- Set up monitoring dashboards to track AI performance and flag any drop‑off in accuracy or speed.
- Identify a low‑risk process and develop a simple AI‑assisted workflow to test its reliability.
Related coverage
Sources
- businesscloud.co.uk: Revolut boss targets 2028 IPO & says AI will see it slow hiring
- cityam.com: Revolut to reduce hiring after AI automation campaign