Revolut Announces New HQ in London

Hey FinTech Fanatic!

Revolut is set to open its new Global Headquarters in London at the former Thomson Reuters building in May 2025.

The company will relocate to one of Canary Wharf’s most iconic buildings, continuing its expansion despite not yet securing a full banking licence in the UK.

Revolut will be the first occupant of the newly refurbished 'YY London' building in Canary Wharf.

The company confirmed it will increase its office space by 40 percent, reaching a total of 113,000 square feet.

Founder and CEO Nik Storonsky expressed excitement about the move, stating the company was “delighted to be committing to a new global headquarters in the centre of London’s financial district” which would “serve as Revolut’s home as we expand across the globe.”

Francesca Carlesi, who joined Revolut as UK chief executive in December to guide it towards securing its banking licence, remarked that the new headquarters “strengthens our commitment to the UK, our home country, while also establishing the foundation to support future growth.”

In addition to its expansion plans, Revolut has significantly increased its marketing efforts, spending ￡129 million on advertising in 2022 — up from ￡52 million the previous year.

On the same day, Revolut announced a major milestone: reaching 9 million (!) customers in the UK ??

Revolut’s achievements in the UK are impressive. The next big announcement could be the long-anticipated UK banking licence..?

Meanwhile, tucked away in Starling Bank's annual report is the disclosure that the FCA is investigating the digital-only lender over its compliance with anti-money laundering rules.

Financial Conduct Authority had started its inquiry in November and the potential impact of the investigation could be “material” but at this stage was “unquantifiable”. The news takes the shine off another year of profits at the company…

Cheers,

Marcel

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???? Revolut's new Global HQ will open in London in the former Thomson Reuters building in May 2025. Revolut will move its headquarters to one of Canary Wharf’s most prominent buildings as it presses ahead with expansion plans despite its failure so far to win a full banking licence in the UK.

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