Revolut to Invest £3 Billion Pounds in Britain and Create 1000 Jobs as Banking Ambitions Grow

Revolut has announced plans to invest £3 billion in the United Kingdom over the next five years, as the fintech leader intensifies its pursuit of a full banking licence. Chief executive Nik Storonsky revealed the substantial investment at the official opening of Revolut’s new headquarters in Canary Wharf, a key location in London’s financial district.

A significant portion of the investment will be dedicated to fully capitalising Revolut’s UK bank as the company seeks to upgrade from its current provisional status. Despite being awarded a provisional licence last year after a lengthy waiting period, the fintech’s capacity to offer core products like mortgages and to manage higher levels of customer deposits remains restricted under the current arrangement.

The move comes in the context of political interest surrounding the approval process for Revolut’s full banking licence. Chancellor Rachel Reeves attended the headquarters opening and emphasised the potential of fintech innovation to boost UK productivity, stating that Revolut could play a major role in helping the country overcome its long-term productivity challenges.

Storonsky indicated that the UK — home to 11 million Revolut customers — remains the business’s primary market, adding that integrating these customers into the Revolut UK bank has become the company’s top priority. The leadership reaffirmed commitment to London despite speculation regarding a future public listing, suggesting that business motivations might make a US listing more attractive.

Revolut’s expansion plans coincide with a wave of major investment pledges into the UK financial services sector, with the government recently securing commitments worth over £110 billion from several global financial giants. The company itself aims to invest $10 billion worldwide and create more than 10,000 jobs across global markets within the next five years, of which a significant portion will benefit the UK economy directly.

The fintech sector remains optimistic that such high-profile investment and job creation announcements will reinforce Britain’s reputation as a tech and finance powerhouse and hasten regulatory progress for ambitious firms like Revolut seeking to deepen their foothold in domestic banking.