The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
200 jobs Number of planned job creations
Announcement Date
24 September 2018
Employment effect (start)
Foreseen end date
30 September 2020
Description
Financial technology company Revolut has announced plans to double the size of its London workforce over the coming two years. As of October 2018, the company, which operates a cash transaction app, employs 200 people in London and a further 200 globally. The expansion has been made possible by the huge increase in turnover experienced in the previous year. Revolut is in the process of applying for an e-money licence in Luxembourg and it has already applied for a European banking licence in Lithuania in order to better manage any potential difficulties arising from Brexit.
Sources
Citation
Eurofound (2018), Revolut, Business expansion in United Kingdom, factsheet number 95639, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95639.
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