Revolut has launched a significant recruitment initiative, seeking to fill over 400 positions across Western Europe. This decision aligns with the company’s commitment to invest more than $1 billion in establishing a new headquarters in France over the next three years.
Following the recent appointment of Béatrice Cossa-Dumurgier as CEO for the region, the recruitment drive will target key roles in compliance, risk management, and other essential functions. The recruitment will span several countries, including France, Spain, Italy, Ireland, Germany, and Portugal, with at least 200 positions based in France.
Additionally, approximately 600 current employees will transition to the newly established French entity, particularly in customer support, credit, and product divisions. This move aims to bolster the development of new offerings, such as mortgages and business loans within the region.
The recruitment process is set to initiate with around 80 new hires in the first year, ultimately scaling up to over 400 direct positions by 2029. When combined with ongoing operational resources from the broader organization, more than 1,500 employees are expected to be dedicated to Revolut’s banking operations in France by the end of the decade.
Further announcements regarding leadership appointments will be made later this summer, coinciding with Revolut’s ongoing application for a banking license in France. Cossa-Dumurgier emphasizes the importance of attracting top talent from Western Europe, stating, “We’re hard at work building our new headquarters in Paris and initiating a major hiring push. Our aim is to capture a wealth of talent eager to define the future of banking and innovate financial services.”
Recently, Revolut reported impressive growth for the fiscal year 2024, achieving pre-tax profits of $1.4 billion and net profits of $1 billion. The fintech super app is also reportedly in discussions to raise approximately $1 billion at a valuation of $65 billion, following its last valuation of $45 billion in 2024 after engaging in share transactions on the secondary market.