Revolut’s global operations will be run from the London financial centre of Canary Wharf for at least the next 10 years.
The fintech-neobank is relocating from its former residence of Westferry Circus to Canary Wharf, one of London’s busiest business districts and home to numerous financial institutions and major players.
The YY London bundling was chosen for its workspace, nearby amenities and environment, sustainability and governance (ESG) credentials. Revolut states that the move is indicative of its commitment to its founding market of the UK, at a time of global growth for the company.
Nik Storonsky, Co-Founder and CEO of Revolut, commented:“We are delighted to be committing to a new global headquarters in the centre of London’s financial district.
“Revolut started in 2015 with just a handful of employees but has grown to over 10,000 employees globally. Our new headquarters ensures we continue to build on this success and will serve as Revolut’s home as we expand across the globe.”
In the nine years Revolut has been in business, its operational scope has grown to encompass various areas. The firm is active in areas such as banking services, currency exchange, debit and credit cards, virtual cards, and cryptocurrencies, stepping up its activity in the latter with the recent launch of the Revolut X platform.
Although global growth is on its agenda, with recent movements made in Africa and Mexico, the UK remains a core market for the firm. Revolut counts nine million active UK customers, although a banking licence in its home country counts to elude the firm.
To support its global growth ambitions, Revolut committed earlier this year to expanding its workforce by 40%. This seems to have partly informed its decision to move to a bigger location in London, where it will coordinate its worldwide expansion plans, which were explained by David Tirado Blanco, its VP of Profitability and Global Business, at Money20/20 last month.
Francesca Carlesi, CEO of Revolut UK, said: “Revolut continues to grow from strength to strength across the UK. We now have over nine million customers, an astonishing milestone for a company less than a decade old.
“This new head office strengthens our commitment to the UK, our home country, whilst also establishing the foundation to support future growth. For our teams at Revolut, this will be much more than an office.
“Over the course of the next decade, it will be a space to co-create, innovate and work productively in, but also a new creative environment to attract talent across engineering and banking fields. Working at Revolut will be for those wishing to be at the centre of the UK’s most innovative financial sector.”
