Revolut has outlined plans to invest £3billion in the UK and create 1,000 jobs as its bid to win a British banking licence rumbles on.
At the opening of its global HQ in Canary Wharf in London, co-founder Nik Storonsky pledged it would be the ‘cornerstone’ of a £10billion global investment drive.
This, he said, would create 10,000 jobs worldwide as it seeks to lift customer numbers from 65m – including 12m in the UK – to 100m by mid-2027.
The firm also said it was exploring buying a US bank.
‘Our new global HQ in London is the launchpad for our future,’ said Storonsky, adding his vision was for Revolut ‘to become the world’s first truly global bank’.
Chancellor Rachel Reeves insisted the investment shows ‘the UK is well and truly open for business’.
Licence fight: Revolut co-founder Nik Storonsky (pictured) said the firm’s £3bn investment in the UK would create some 1,000 jobs
Revolut was set up in 2015 and employs more than 10,000 people worldwide, including 1,300 in London. It is now thought to be worth £55billion.
But it is still awaiting a full UK banking licence, having first applied for one in 2021. Two-and-a-half years ago it said approval was ‘imminent’.
Yesterday, Storonsky said that it was his top priority, adding: ‘We are committed to the UK as our home country.’
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