- Revolut is moving its headquarters to London's Canary Warf.
- It also wants to increase its workforce by 40%.
- The firm has been expanding its crypto business.
UK fintech powerhouse Revolut says it will move to a splashy new headquarters in London’s Canary Wharf next year as it tops up its talent pool with a whopping 4,000 hires.
The company today confirmed a plan to boost headcount by some 40% in an announcement of the London move. Revolut employs about 10,000 globally and about 1,300 in the UK.
The neobank, valued at $26 billion, serves 40 million customers — 9 million of which are in Britain.
As an early crypto adopter among fintechs, Revolut is seeking to partner with more crypto wallets such as MetaMask, Revolut told DL News last month. It also said it wants 12 new hires for its new crypto business.
“There’s going to be so much work for us from a recruiting perspective,” Sam Wellalage, a crypto recruiter at WorkInCrypto.Global, has told DL News.
London-listed venture capital firm Molten Ventures wrote up the value of its stake in Revolut to £65 million in March, a 20% gain from last year. In April, an investment trust managed by Schroders wrote up the value of its stake in Revolut by 45%.
The new hub
Revolut will move from Westferry Circus to Canary Wharf’s business district, opting for four floors of the YY London building for a 10 year lease.
“As a remote-first business, the company plans to use its new office in a more innovative way, taking advantage of the increased space for product launches, workshops, team building activities, and other events,” it said.
Crypto market movers
- Bitcoin fell 3.7% over the past 24 hours to $67,351.
- Ethereum lost 4.2% to $3,480.
What we’re reading
- Robinhood got far more than crypto investors in its $200m acquisition of Bitstamp — DL News
- Best DeFi Exchanges 2024 — Milk Road
- The US Lost 14% of Blockchain Developer Share Since 2018: Coinbase — Unchained
- MicroStrategy To Purchase More Bitcoin (BTC) With $500M Capital Raise — Milk Road
- UwU Lend hacked again for $3.7m amid payback plan for first attack — DL News