Revolut Aims for 40% Increase in Global Workforce by End of 2024

Revolut, the UK-based challenger bank, announced plans to expand its global headcount by 40% by the end of 2024, reaching a total workforce of around 11,500 employees. The company began 2024 with 8,000 employees and has since increased to over 10,000.

The digital bank currently has more than 70 job openings, primarily in sales, customer support, and financial crime teams. Revolut’s recruitment drive comes after the company reported its first full year of profitability in March 2023. In addition, Revolut appointed Francesca Carlesi, former CEO of digital mortgage lender Molo, as its new UK CEO in November.

Carlesi emphasised the importance of recruiting top talent to support Revolut’s growth. “As our home market, the UK is at the centre of Revolut’s growth and is an integral part of not only the company’s expansion locally but also internationally,” she said.

Revolut’s expansion plans come at a pivotal time for the company. While it continues to await approval for a UK banking licence—first applied for in January 2021—it secured a banking licence from Mexico’s National Banking and Securities Commission (CNBV) earlier this month, allowing it to operate a neobanking subsidiary in Mexico.

Revolut’s recruitment drive and international expansion underscore the company’s commitment to growth and its ambition to compete on a global scale. Despite regulatory delays in the UK, the company’s recent profitability and new ventures in Mexico indicate a positive trajectory for Revolut’s future.