Revolut Plans £3bn UK Investment, 1,000 Jobs, New Global HQ

Revolut has announced a £3 billion investment in the UK over the next five years, including the opening of its new global headquarters in London's Canary Wharf, which will create 1,000 high-skilled jobs. This UK-focused investment is part of a broader £10 billion global plan to create 10,000 jobs and drive innovation, product development, and international expansion, with the company aiming to serve 100 million customers by 2027. The fintech, founded in 2015 and now serving over 65 million customers worldwide—12 million in the UK—plans to become the world's first truly global bank and is actively pursuing banking licenses in the UK, Mexico, and expansion into new markets like India and Latin America. UK Chancellor Rachel Reeves praised the investment as a strong vote of confidence in Britain’s financial services sector amid a wider wave of investment pledges from global financial giants. Revolut's significant valuation, reportedly around $75 billion, positions it as potentially more valuable than established UK banks such as Barclays and NatWest. The company’s commitment underscores London's continuing appeal as a financial hub despite economic uncertainties and post-Brexit challenges, reinforcing its role in driving the UK’s economic recovery and fintech leadership.