Revolut invests in Portugal and plans to create 400 jobs
- Sep 09, 2019
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With over 250,000 users in Portugal, Revolut is already officially operating in the country, and has announced the opening of an operational support center in Porto, in an investment of around four million euros, in infrastructure only, and which is expected to create around 400 jobs.
Fintech UK already has about 70 employees and intends to extend the team to 400 people over the medium term in what will be Revolut's second largest support center in Europe, managing customer relationships, complaints, transfer investigations, compliance and financial crime, a bet that reflects the continued investment planned for Portugal. Right now, locally, there are fifteen open positions.
The construction of the new office, which will host the global support center, is still nearing completion, with a 4,000-square-meter building. It will occupy the former canning factory Amorim Amorim, in Matosinhos, and should be completed by the end of 2019.
In just four years, Revolut has attracted more than six million users in Europe and already has over 250,000 users in Portugal, growing at the rate of 1,000 new accounts opened every day. In 2019 alone the number of users grew by more than 150%.
According to Nik Storonsky, founder and CEO of Revolut, “Portugal is fast emerging as a fintech hub in Europe and we are extremely proud to integrate this movement with the creation of up to 400 new jobs. Last year, when I visited Lisbon for the Web Summit, it was very clear to me that the country has fully embraced the benefits that financial technology has to offer. ”
Alongside the establishment of this worldwide support center, Revolut has also appointed Country Growth Manager for the country, Ricardo Macieira. After five years leading the Airbnb business in Portugal, Ricardo Macieira will be responsible for developing Revolut's business in the country. With a degree in Design from IADE, he is co-founder and co-CEO of Alok Design Brands and, since 2015, is a mentor of entrepreneurship at Startup Lisboa.
The country manager of Revolut Portugal says it was with great enthusiasm that he accepted to join Revolut in a clear phase of growth. “I am very happy to start actively working the Portuguese market, which has had one of the fastest and most pronounced growths of our platform. Our focus will be to accelerate this expansion, as well as to continually work hard to improve our products. ”
The team also joins Rebeca Venâncio, who will lead Revolut's Communication and Public Relations area in Portugal, after nearly three years as PR Manager at Microsoft Portugal and with a career dedicated to journalism, in social media such as SIC, TVI, Cofina group and Diário Económico.
Miguel Costa holds the position of Community Manager, and aims to raise the level of engagement of users, with companies such as MOG and Nomad Tech.
Revolut was launched in July 2015 as a digital alternative to traditional banking. In the four-year period it has exceeded six million customers in Europe and 200,000 in Portugal. The company's CEO will visit Portugal in November, having been one of the first confirmations for the 2019 edition of Web Summit in Lisbon.