Revolut plans to hire 400 staff in Portugal  

September 03, 2019 | FinTech
Written by FinTech Alliance

Tags

Revolut
Revolut plans to hire 400 staff in Portugal  

UK FinTech Revolut plans to create 400 jobs in Portugal, it has been revealed.  

In Brief: 

  • Revolut’s co-founders have stated that Portugal is emerging as a ‘key FinTech hub in Europe’. 

  • The challenger bank has 250,000 customers in the country, with 1,000 new accounts opened there every day.  

  • Ricardo Maciera has been appointed as growth manager, who will be responsible for developing its business in Portugal.  

What does this mean? 

Last year, FinTech transaction value in Portugal amounted to US$5.58bn. By 2022, this figure is expected to almost double to a total of US$9.93bn. That would be an annual growth rate of 12.2%, so it’s clear why Revolut has chosen to expand within the country. The company has exhibited strong growth recently, hitting 7mn customers, and this is only set to continue.  

 

More in FinTech

Press Release: FinTech Alliance and Diversio partner to create a more inclusive FinTech ecosystem

Posted By The Community

FinTech
January 20, 2020

Press Release: FinTech Alliance and Diversio partner to create a more inclusive FinTech ecosystem

London, 21 January 2020, 9.00am – FinTech Alliance and Diversio announce their partnership to...

Written By: Diversio

FinTech in focus at UK-Africa Investment Summit
FinTech
January 20, 2020

FinTech in focus at UK-Africa Investment Summit

The Prime Minister is making the case for the UK to be an ‘investment partner of choice’...

Edinburgh FinTech brings global client on board
FinTech
January 20, 2020

Edinburgh FinTech brings global client on board

Scottish FinTech ShareIn has inked a deal with Shojin Property Partners. In Brief: Shar...

FinTech
January 09, 2020

Latin America: Global Investors’ New FinTech Frontier

Insights from Leading Banks, Venture Capital and Private Equity Investors

FinTech
January 09, 2020

What will the future of banking look like?

Big tech, fintech and increased regulation are putting pressure on banking incumbents. How can they...

FinTech
January 09, 2020

A Roadmap For FinTech Firms Entering Fast-Growing Emerging Marketing

Fintech firms are finding growth opportunities establishing a presence in emerging markets. This pap...

FinTech Retreat

FinTech Retreat

When: Jan 22nd, 2020
Where: Menlo Park, Menlo Park , GB
Price: £330
Paris FinTech Forum

Paris FinTech Forum

When: Jan 28th - Jan 29th, 2020
Where: Palais Brongniart, Paris , GB
Price: £1,300
UK FinTech Mission to Austria

UK FinTech Mission to Austria

When: Jan 29th, 2020
Where: Residence of the British Ambassador, Vienna , GB
Price: £660