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Revolut to Invest $13B in Global Expansion
Revolut plans to invest $13 billion to expand globally, aiming to create 10,000 jobs and reach 100 million users by mid-2027 across 30 new markets.
- Yesterday, Revolut bank's CEO Nikolay Storonsky opened the new global headquarters in Canary Wharf, London, and unveiled a $13 billion investment plan targeting 100 million customers by mid 2027.
- Amid its licensing drive, Revolut says it aims to become the world's first truly global bank and is still securing a full UK banking licence for more than 12 million UK customers.
- The plan directs $4 billion to the United Kingdom, creating 1,000 jobs, and Revolut will also allocate $1.2 billion to France and $500 million to the United States.
- That growth follows Revolut says it is on track to deliver more than �4.1 billion in annual revenue this year while Revolut Business recently surpassed $1 billion, committed to creating 1,000 jobs globally.
- In Latin America, Revolut will launch as a bank in Mexico early next year and expand in Colombia and Argentina, while pursuing licences across the United Arab Emirates, Saudi Arabia, APAC, and Africa, supported by a tech hub in the Philippines.
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The fintech has 65 million customers globally and 2 million domestically, but they believe there is still room for expansion, targeting 100 million customers by 2027. We visited Revolut's headquarters in London.
Inaugurated the new international headquarters of the group, in Canary Wharf. The fintech already has 65 million customers, of which 4 million in Italy, and 10 thousand employees in the world (with the aim of doubling them by 2027)
·Italy
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Coverage Details
Total News Sources31
Leaning Left3Leaning Right3Center2Last UpdatedBias Distribution38% Left, 37% Right
Bias Distribution
- 38% of the sources lean Left, 37% of the sources lean Right
38% Left
L 38%
C 25%
R 37%
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