London-based neobank Revolut expects to increase its global workforce by 40 per cent by the end of this year.

At the start of 2024, the company said it had around 8,000 employees and reached 10,000 employees in the first three months of the year.

Revlout added that it has a number of roles advertised in the UK and predicts it will have around 11,500 people working for the company by the end of 2024.

The FinTech said the majority of new roles will be created in sales, customer support and FinCrime teams.

Revolut, which said that around a third of its UK workforce is based outside London, claimed to have received one million job applications globally in 2023.

“Revolut continues to grow from strength to strength; and to support that growth it is essential that we recruit the best talent from across the industry,” said Francesca Carlesi chief executive at Revolut. “10,000 employees is an exciting milestone but we’re not stopping there.

“We are delighted to be expanding across our global markets, including the UK, with hundreds of new roles across a range of specialities, all at a time when others are cutting back.

Last month Revolut announced the launch of a new Point of Sale (POS) system. The bank said that the iPad app, which is now out of beta-testing, forms part of its plan to target the hospitality industry with its payment technologies.

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