While some of the largest banking institutions continue to support office mandates (and frustrate some workers who aren’t to keen about it), global Fintech Revolut appears to be headed in the opposite direction.
Revolut, the London-based Fintech, told its 10,000 workers that it was planning to maintain its hybrid work policy across key markets.
Some Revolut employees actually prefer to show up at the physical office on a daily basis, however, other professionals opt for greater flexibility to complete tasks while at home.
This means that digital bank Revolut’s workers are not required to come to the office.
In statements shared with Fortune, Chief Executive Officer Nik Storonsky noted:
“We’re different from other companies. We care more about what you do than where you do it.”
Revolut had switched over to a hybrid work model after the start of the COVID-19 outbreak back in 2020.
The digital bank maintains business operations across 38 different countries including physical offices in 23 locations.
Of its 10,000+ workers, almost 1,500 are based in the United Kingdom, and more than 200 are based in the United States.
In June of last year, Revolut revealed plans for its global headquarters in London’s Canary Wharf section.
The Fintech firm intends to move into four floors at the YY London building in May of this year, strengthening its physical office presence by 40%.
The headquarters would be a “great space for those who thrive in a modern office,” a Revolut memo explained.
For professionals working in expansion markets, where working teams are relatively smaller, Revolut is asking them to come into the physical office in order to support groups.
Revolut is a licensed bank in the European Union where it provides services to more than 30 million clients.
This past year, Revolut obtained a banking license in the United Kingdom, and the fintech intends to serve as a bank in the US as well.
Back in 2021, Revolut reportedly submitted a draft application for a banking charter to the FDIC in the US and the California Department of Financial Protection and Innovation but then never actually turned in a formal and final application.
However, Revolut has emerged as one of the most prominent global fintechs with over 50 million customers.
In August of last year, Revolut carried out a secondary sale which had enabled company workers to sell some of their stock.
The transaction had notably valued the Fintech at a sizeable $45 billion.
Revenue for Revolut is reportedly on track to surge past the $3 billion mark for the 2024 financial year, up considerably from the $2.2 billion it achieved back in the year 2023.