Revolut has announced a £3 billion investment in the United Kingdom over the next five years, alongside the opening of its new global headquarters in London’s Canary Wharf.
The digital banking group, which now serves more than 65 million customers worldwide, aims to create 1,000 new high-skilled jobs in the UK as part of its commitment to growth and innovation.
The investment forms a cornerstone of Revolut’s wider strategy to reach 100 million customers globally by mid-2027 and expand into more than 30 new markets by 2030. The company’s chief executive officer and co-founder, Nik Storonsky, described the UK investment as central to Revolut’s ambitions, stating, “To power that journey from our home market, we are investing £3 billion in the UK over the next five years. This commitment will not only create 1,000 new jobs but will also fuel the innovation from our London hub that will help us deliver on our global ambitions”.
Storonsky also emphasised the company’s mission to simplify money for customers and its vision to become the world’s first truly global bank. “From our roots here in the UK, we’ve grown to serve over 65 million customers globally, and today’s opening of our new Global HQ in London is the launchpad for our future. This HQ will be central to driving our growth towards our next milestone of 100 million customers”.
The UK investment is part of a broader £10 billion global plan, which will see Revolut create 10,000 jobs worldwide. The company is also prioritising securing a full UK banking licence, with Storonsky stating, “The number one priority is actually rolling out our UK bank here. We have 11 million customers in the UK” ([Financial Times](url://archive.ph)).
Revolut’s expansion plans include launching as a bank in Mexico next year, entering Colombia and Argentina, and preparing to launch in India after securing a payments licence. The company is also making its first push into Africa, beginning with South Africa, and has announced branch launches in Portugal and Belgium.
The announcement comes during a week of significant investment in the UK financial services sector, with more than £110 billion committed by major firms including Blackstone, BlackRock, PayPal, and Bank of America. Chancellor of the Exchequer Rachel Reeves welcomed Revolut’s pledge, saying, “The UK is well and truly open for business under this government. Through our Leeds Reforms we’re making Britain the best place for financial services companies to do business, pushing us ahead in the global race for investment and putting more money in people’s pockets through the Plan for Change”.
