EMCC European Monitoring Centre on Change

Revolut

Company/Organisation:
Revolut

Geographic Location

Country: Lithuania
Region: Vilniaus apskritis; Lietuva
Location of affected unit(s): Vilnius

Company

Sector: Financial services
Financial and insurance activities
64.19 - Other monetary intermediation
Number Employed: 200

Employment Effects

Announcement Date: 02-04-2021
Type of Restructuring: Business expansion
Employment Effect Start: 02-04-2021
Foreseen End Date: 31-12-2021
Planned Job Creation: 100

Additional Information

Revolut, a British fintech company that provides a range of financial services online, is to create 100 new jobs in Vilnius by the end of 2021, where it will be expanding its banking, financial crime and money laundering prevention and customer service teams.

The company opened its office in Vilnius in 2017 and was rapidly expanding since then. Currently Revolut employs around 200 employees in its Vilnius office. According to the management, the Vilnius team is responsible for accelerating the ambitious growth of Revolut in Europe. In total, the company has plans to hire around 1,000 sales professionals in different countries (Lithuania, Poland, Spain, Portugal, France, the United Kingdom and the United States).

Revolut is a global financial platform that offers different banking products – insured deposit accounts, credits, currency exchange, cryptocurrency exchange, peer-to-peer payments, and others. It has around 15 million customers worldwide, 300,000 of them in Lithuania.

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