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HomeLatest NewsRevolut chooses Barcelona for its innovation center in southwestern Europe

Revolut chooses Barcelona for its innovation center in southwestern Europe

Date: May 20, 2024 Time: 09:18:41

This Friday, Revolut inaugurated its innovation and development center for financial products in southwestern Europe, for which it has opted for

Barcelona. “We have chosen Barcelona as the nerve center of our operations in the area of ​​data analysis, engineering, technological development and innovation,” said the head of the Barcelona Tech Hub, Alex Codina, the company reported in a statement this Friday, with the objective of converting this space into a “talent attraction hub”.

The offices have more than 500 square meters spread over two floors and capacity for around 130 employees. The digital bank has more than 750 workers nationwide, of which more than half are in Barcelona, ​​although they plan to double this figure by the end of 2025. For this reason, it has promoted a “relocation campaign” to software engineers interested in moving to Spain, Portugal or Poland.

Codina has highlighted that Spain is “a globally recognized pool of technological talent” and has said that it is also a benchmark in attracting foreign professionals in a remote work context. Revolut has positioned Spain as one of the main markets, where it expects to reach three million users by the end of April after an increase of more than 70% in users last year.

Since the launch of Revolut Bank in Spain in September 2023, at which time it began offering an account number with a Spanish IBAN, it has added one million users. In this regard, the head of growth for southern Europe, Ignacio Zunzunegui, has assured that this growth “does nothing but reaffirm” their investment plans in the country, and has assured that they will continue to focus on innovation and development.

The opening of this new regional ‘hub’ strengthens Revolut’s commitment to this country, where it has also invested in infrastructure and the launch of new financial products. One of its star bets is the ‘Flexible Account’ linked to investment in monetary funds, as well as the development of a ‘roboadvisor’ to enter into automated portfolio management under a growth strategy that rests on the objective of becoming the main bank.

They leave the emergence of the mortgage market until 2025, which is why they have begun to look for professional profiles that adapt to this niche, which is essential if they want to retain clients. Founded in 2015 in the United Kingdom, it received a banking license to operate in Spain at the beginning of 2022, reinforcing its commitment to this country, which materialized with the signing from AliExpress of Ignacio Zunzunegui, current head of growth for southern Europe.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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