30 Markets by 2030: How is Revolut Hitting the Mark?

Revolut is officially joining the ranks of established UK banks having been given approval by the Prudential Regulation Authority (PRA) for the launch of Revolut Bank UK, paving the way for Revolut to exit the mobilisation phase and launch as a UK bank.

The news comes shortly on the heels of the rapidly growing neobank announcing its commitment to create 1,000 high-skilled jobs in the UK, in addition to a £3bn (US$4bn) investment. 

Revolut currently has an established base of 13 million customers in the UK.

Francesca Carlesi, UK CEO at the firm, says of the news: “Becoming a bank in our home market marks a defining moment in our journey –  a milestone achieved through relentless focus, discipline and belief in what we’re building. 

“Securing this licence lays the foundation for our next chapter: expanding into a broader suite of products, including credit, to sit alongside the innovative services our customers already rely on every day.

“This will now enable us to continue on our mission to deliver the most seamless, secure and customer-centric banking experience for consumers across the UK.”

UK and international expansion

The announcement will result in accounts being offered to both retail and business customers from a fully licenced bank. Additionally, deposit accounts will be protected by the FSCS on eligible deposits as part of the groundwork for future services, such as lending. 

Nik Storonsky, Co-Founder and CEO of Revolut, explains: “Launching our UK bank has been a long-term strategic priority for Revolut, and marks a significant moment in our journey. The UK is our home market and central to our growth. 

“We look forward to introducing a full suite of banking services to our millions of UK customers, bringing the same innovative experience we already provide across the rest of Europe. This is a vital step in our mission to build the world’s first truly global bank.”

Existing customers face no change as services continue to work as normal.

The company says that current accounts will be rolled out to new customers imminently, with the rollout originally focusing on a small group before scaling in the next few weeks. 

The company’s trajectory for growth has been immense. Growing its presence in its home turf, Revolut recently announced that as part of its global expansion, it will invest £10bn (US$13bn) over the following five years, also aiming to create 10,000 new jobs. 

Commenting on Revolut’s UK jobs and economic investment Rachel Reeves, UK Chancellor of the Exchequer says: “Great news that Revolut has received its full banking licence today from the PRA.

“In 10 years the company has grown to more than 10,000 employees with 70 million customers globally - a true pioneer in the UK's fintech journey, a sector which is now the envy of the world.

“This comes after the good news last year that Revolut will invest £3bn in the UK and create 1,000 highly skilled jobs over the next five years.”

Key hubs supporting success 

The news comes as little surprise given the rapid pace of expansion the company has achieved in recent months.

Just over a month into 2026, Revolut launched full operations in Mexico, with Nik stating that the move was a “blueprint for expansion into other high-growth markets”.

Revolut is confident in replicating the success of this approach, announcing its expansion into the US just a month after its Mexico launch.

The US expansion serves as a key pillar in Revolut’s growth strategy – its US licence will unlock new potential by ensuring it no longer is forced to rely on third-party banks. 

Growth applies not only to operations, but also in culture, as seen by the recent growth of Revolut’s staff numbers in Singapore.

The firm has doubled its numbers in the short space of one year, from 2024 to 2025.

Aiming to triple its workforce, the company has taken a simultaneous approach as part of its continental dominance. Revolut has ensured that success begins in the individual. 

Achieving the ‘Great Place to Work’ accreditation in eight countries in 2023, including the UK, India, Poland, Lithuania, Romania, Hungary, Spain and Portugal, the company announced it had just reached a global headcount of 7,500. 

With the current rate of expansion, the bank is more than on track to achieve its goal of 30 new markets by 2030.