Overview

• Revolut inaugurated its global headquarters in London's Canary Wharf and committed £3 billion over five years to create 1,000 UK jobs.
• Executives said securing a full UK banking licence remains a priority, with the company still in mobilisation under a restricted permit that carries deposit limits.
• A portion of the UK pledge is understood to be earmarked to capitalise its domestic bank as Revolut prepares to offer products such as credit cards once fully authorised.
• The firm outlined a $13 billion five-year global plan to expand to 100 countries and reach 100 million customers, including a Mexico bank launch and a Paris-based Western Europe push.
• Revolut is exploring buying a U.S. bank or applying for a U.S. licence, while a secondary share sale values the company at about $75 billion, and UK ministers hailed the move within a week topping £110 billion in finance-sector commitments.