Revolut to Move Headquarters to Canary Wharf After Boosting Staff Number by 40%

A leading trading app, Revolut, recently saw its staff numbers go up by 40%, becoming one of the few fintechs that are hiring rather than cutting jobs. However, in order to accommodate the new workforce, the company also decided to move its UK headquarters to Canary Wharf.

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Revolut To Relocate Headquarters

Revolut is a global fintech, and as such, it requires a large team to ensure that everything continues to run smoothly at all times. To achieve this, the company intends to increase its office footprint by 40%, occupying four floors with a total of 113 square feet.

It also plans to install two Revolut logos on the side of the building to display its newly established presence clearly.

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The move also signals the firm’s growing commitment to the UK market and the local customers. In fact, Revolut recently hit 9 million customers in this market, even though it is still waiting for the local regulators to approve its banking license. The firm has been waiting for three years now, and while it is uncertain whether the FCA will soon grant the license, Revolut is making preparations for the day it happens.

The plan is for the company to move into its new office space in May 2025, leaving it with less than a year to make the necessary preparations. It will be based in the heart of Canary Wharf’s business district after previously being in an office in Westferry Circus.

Revolut Continues To Grow

The firm’s co-founder and CEO, Nik Storonsky, commented on the new development, stating that the company and its team are delighted to move their global headquarters in the very center of London’s financial district.

“Revolut started in 2015 with just a handful of employees but has grown to over 10,000 employees globally. Our new headquarters ensures we continue to build on this success and will serve as Revolut’s home as we expand across the globe,” he said.

Of course, Revolut is a remote-first business, so it fully intends to take advantage of the increased space for various purposes. This will include team-building activities, workshops, product launches, and more.

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Revolut UK’s CEO, Francesca Carlesi, also commented on the new move: “For our teams at Revolut, this will be much more than an office. Over the course of the next decade, it will be a space to co-create, innovate and work productively in, but also a new creative environment to attract talent across engineering and banking fields. Working at Revolut will be for those wishing to be at the center of the UK’s most innovative financial sector.”