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Revolut plans a 40% global employee expansion by 2024.

Revolut plans a 40% global employee expansion by 2024.

Revolut, the UK-based challenger bank, has announced its plan to increase its workforce by 40% in 2024. The objective is to reach around 11,500 employees globally. The digital bank has already surpassed the 10,000 employee mark at the beginning of this year and is now aiming for further growth.

Revolut is actively seeking talent to support its expansion efforts and has over 70 job listings available across various departments such as sales, customer support, and financial crime teams. This recent announcement signals the company’s commitment to scaling up its operations significantly by the end of the year.

In March 2023, Revolut achieved its first full year of profitability. Since then, the company has been making strategic appointments to strengthen its leadership. Francesca Carlesi, former CEO of digital mortgage lender Molo, joined as the new UK CEO in November.

Revolut is a UK-based financial technology company that offers digital banking services such as currency exchange, debit cards, fee-free spending abroad, stock trading, cryptocurrency exchange, and peer-to-peer payments. Its convenient and low-cost approach to banking, particularly for travelers and individuals who frequently make international transactions, has made it popular among users. One of its key features is the ability to hold and exchange multiple currencies at interbank exchange rates with no hidden fees.

Despite awaiting its UK banking license, initially applied for in January 2021, Revolut recently obtained a banking license from Mexico’s National Banking and Securities Commission (CNBV). This milestone allows the company to operate a neobanking subsidiary in Mexico, further extending its global footprint.