Revolut to invest $13 bn for global expansion

Neobank Revolut has unveiled a $13 billion investment plan aimed at global expansion over the next five years.

This initiative is expected to create 10,000 jobs worldwide, with $4 billion allocated for the UK, resulting in over 1,000 new jobs. Additional funds will target both established and emerging markets, including $1.2 billion for Western Europe, primarily in France, and $500 million to enhance operations in the US.

Revolut has opened its new global headquarters in London’s Canary Wharf and currently serves over 65 million customers, with 12 million in the UK.

Source: retailbankerinternational.com