Digital Banking Fintech Revolut Announces Paid Wellbeing Days to Reward High-Tempo Performance Amid Challenging Circumstances

Digital banking platform Revolut notes that they already know that Revoluters are “exceptional people.” However, the Fintech firm points out that what makes its team extraordinary is how well they have adapted to remote work in a post COVID environment.

Revolut writes in a blog post dated July 7, 2021 that they have continued to innovate for clients by introducing 24 new retail and business products; operationalized Revolut Bank in 12 different locations and have further expanded their business operations into key markets.

The Revolut team adds that it’s now time “to sit back and recharge with some of the ways we support wellbeing at work.”

The digital bank noted:

“To reward our high-tempo performance amidst unusual circumstances, all Revoluters now have two paid wellbeing days on top of regular annual leave days. Our CEO Nik Storonsky is taking the lead by getting some downtime, and has encouraged everyone — whom he commended as ‘drivers of our success’ — to do the same.”

This initiative is reportedly a part of a bigger goal that should take Revolut closer to its objective of providing the best possible professional working environment for its global team. All Revoluters, including those “serving notice or in their probationary period, can use their wellbeing days until 30 November 2021.”

Revolut has previously offered a 60-day temporary work abroad policy, “allowing Revoluters to work from almost anywhere in the world,” the Fintech firm noted while adding that this means they can be closer to friends and family members and also “get inspired in a new environment, and explore new places on the weekends.” (Note: some caveats or terms may apply, so check here.)

Revolut added:

“To get everyone into the habit of prioritising wellbeing at work (and at home), our Workplace and Engagement team has come up with a thoughtful lineup of virtual events targeted at raising physical, social, emotional and environmental wellbeing. We even have one of our own sharing his journey battling chronic depression and how we can fight the stigma of mental health issues together.”

The company also noted that this Wellbeing Week, they are encouraging you to look for ways to “lean into what your mind, body and soul needs.” Career wellbeing is also “an important part of holistic gratification, so if you’re looking for more fulfilment in that area, a career with Revolut may just be it,” the company explained.

Revolut, a top European digital bank, is working on its next funding round according to a recent report. If accurate, Revolut is anticipated to receive a valuation of between $30 billion and $40 billion.

As covered, early discussions include SoftBank’s Vision Fund 2 and Revolut is looking for up to $1 billion in additional capital.

A report from this past spring indicated that Revolut was planning a new round of funding with a valuation of around $10 billion – significantly less than this most recent report.

The subscription-based banking platform is currently operating in 35+ countries with most of its users based in the UK. Revolut claims over 15 million customers along with 500,000+ business accounts. Revolut is known for its disruptive stance in the digital banking sector providing frequent iterations and updates while appealing to a younger demographic with services like cryptocurrency trading.

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