Digital Bank Revolut is set to bring over 400 new jobs to Western Europe as it develops a new headquarters in Paris.
The positions will span across France, Spain, Ireland, Germany, and Portugal, primarily focusing on risk management, compliance, and other essential areas.
In France alone, at least 200 roles will be established, emphasizing the country’s importance as a central operational hub, with plans to have over 1,500 staff by 2029.
Revolut began in London in 2015, initially offering simple transfers, currency exchanges, and travel cards. Now, as a UK-licensed bank, it boasts a global customer base of over 60 million.
As part of its strategic growth in Western Europe, the company is preparing to apply for a banking license in France to bolster its operations from the new headquarters.
Developing a hub in Western Europe
Following the appointment of Béatrice Cossa-Dumurgier as CEO for Western Europe, Revolut is launching significant recruitment efforts across the region. This move supports not just the Paris headquarters but also its other European markets, including Lithuania.
Once the French headquarters is fully operational, the Neobank intends to relocate about 600 existing staff members working in customer support, credit, and product roles.
The hiring process will occur in phases, with 80 new employees expected in the first year, ultimately leading to a total of 400 by 2029. By the end of the decade, there will be around 1,500 staff members dedicated to Revolut’s banking operations in France.
Revolut plans to invest approximately 1 billion euros in France over the next three years. This investment reflects not only the favorable European regulatory and business climate but also the company’s confidence in Paris as an emerging financial hub and its future as a comprehensive banking entity.
Cossa-Dumurgier commented on the expansion, noting, “Western Europe has a vast pool of talent, and we intend to leverage it to the fullest.”
Since its launch, Revolut has expanded to 13,000 employees globally, gaining traction as a desirable workplace, with applications to join in 2024 already underway.
Nik Storonsky, the founder and CEO of Revolut, recently reaffirmed his commitment to a flexible working model, allowing staff the option to work remotely or from the office.
