Sebastian Siemiatkowski

I think it's an amazing company.

Nick's the greatest CEO I've ever interviewed.

I love Nick.

He's amazing.

I've always felt very competitive with Nick.

And, you know, I think he feels competitive with me.

We have a common friend who we talk to a lot about these things, which is funny.

But the point is that if you look at it, Klana has 110 million customers worldwide.

Revolut now has 65.

I'm twice the size in number of customers, but the engagement that I have is not as high yet as it is with Revolut.

So people may use us less frequently and for other things, right?

So what I'm doing right now, what we're doing at Klarna is moving from being kind of your infrequent payments solution

to being your high engagement banking provider, right?

That transition is going extremely well.

It's going extremely well and it's accelerating.

People are adopting our banking services at a very rapid pace.

Yeah, absolutely.

But we all have different entry points.

I mean, Revolut to some degree was like an early like, hey, I'm an expat, I travel a lot in Europe and like this is better for my currency or I trade in crypto.

That was kind of the early adopter thing.