FinTech Revolut is reportedly hiring hundreds of new staffers as part of its plan to become a fully-fledged UK bank.
Last year the neobank received its 聽long-awaited UK banking licence with restrictions from the Prudential Regulation Authority, more than three years after lodging its application.
The move triggered a 鈥榤obilisation鈥� stage, which allows new banks to complete the build out of their UK banking operations ahead of launching officially in the market.
Yesterday Revolut UK CEO Francesca Carlesi told Bloomberg News that the FinTech had embarked on a hiring spree, including regulatory reporting analysts to financial risk controllers.
Carlesi told Bloomberg: 鈥淲e have been in constant and open dialogue with our regulators, to ensure our mobilization meets the highest standards.
鈥淲e鈥檙e in no rush, as getting this right matters more, so once everyone is ready, we鈥檒l launch the UK bank and begin to operate as one of the UK鈥檚 newest banks.鈥�
Francesca Carlesi joined Revolut in December 2023 from Molo, UK鈥檚 first fully digital mortgage lender, where she was founder and CEO.
The neobank recently reported remarkable revenues of 拢1.8 billion聽in 2023 鈥� a 95 per cent jump in turnover compared with the previous year 鈥� with profit before tax topping 拢438m.
In the 12 months to 31st December 2023聽 it added 12m new customers globally, reaching 38m. It has since added seven million more to reach 45m in June 2024. Nine million of them are in the UK.
Revolut recently聽announced a deal to move its global HQ to the YY building in Canary Wharf.