Digital bank Revolut will relocate its global headquarters to the newly refurbished YY London building in the centre of Canary Wharf, committing to a 10-year lease.
It says the move, which is due to take place in May 2025, will help facilitate the future growth of its UK and global operations.
The global FinTech now has more than nine million UK customers and 40 million globally.
Revolut will be based in the heart of Canary Wharf’s business district, having previously occupied an office in Westferry Circus. The company conducted a city-wide search for its new global headquarters, opting for YY London in part because its innovative design prioritises sustainability, employee wellbeing and productivity.
Revolut’s office footprint in London will increase by over 40% to 113k sq ft and will take four floors of the building. As a remote-first business, the company plans to use its new office in an innovative way, taking advantage of the increased space for product launches, workshops, team-building activities and other events.
Revolut recently announced plans to grow its global workforce by 40% in 2024.
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“We are delighted to be committing to a new global headquarters in the centre of London’s financial district,” said co-founder and CEO Nik Storonsky.
“Revolut started in 2015 with just a handful of employees but has grown to over 10,000 employees globally. Our new headquarters ensures we continue to build on this success and will serve as Revolut’s home as we expand across the globe.”
Francesca Carlesi, CEO of Revolut UK, commented: “Revolut continues to grow from strength to strength across the UK. We now have over nine million customers, an astonishing milestone for a company less than a decade old.
“This new head office strengthens our commitment to the UK, our home country, whilst also establishing the foundation to support future growth.
“For our teams at Revolut, this will be much more than an office. Over the course of the next decade, it will be a space to co-create, innovate and work productively in, but also a new creative environment to attract talent across engineering and banking fields.
“Working at Revolut will be for those wishing to be at the centre of the UK’s most innovative financial sector.”