Revolut to invest $13bn for global expansion

Core Insights - Neobank Revolut has announced a $13 billion investment plan over the next five years aimed at global expansion, which is expected to create 10,000 jobs worldwide [1] - The company has officially opened its new global headquarters in London's Canary Wharf and currently serves over 65 million customers globally, with a target to reach 100 million by mid-2027 [2][4] - Revolut's expansion strategy includes entering over 30 new markets by 2030, with significant investments in both established and emerging markets [2][3] Investment and Job Creation - The $13 billion investment includes $4 billion allocated to the UK market, expected to create over 1,000 new jobs [1] - Additional investments include $1.2 billion for Western Europe operations, particularly in France, and $500 million to enhance its presence in the US [1] Global Expansion Plans - Revolut plans to establish banking operations in Mexico next year and expand into Colombia, Argentina, and the Middle East [3] - In the APAC region, a new global tech hub has been set up in the Philippines, with plans to launch in India and secure licenses in Australia and New Zealand [4] Strategic Developments - A new Western Europe headquarters is being established in Paris, with branch openings in Portugal and Belgium planned for 2025 [5] - The company is exploring the purchase of a US banking institution to facilitate acquiring a US banking license and introduce lending services [6]