Revolut to base 40% of its global workforce in India by 2026

Core Insights - European fintech firm Revolut plans to have around 40% of its global workforce based in India by the end of 2026 as part of its expansion of the India global capability centre [1] - The company has committed £500 million ($669.8 million) to its India business and global capability centre over five years, aiming to fill 1,600 roles in India by 2026, increasing its headcount to 5,500 [1][2] - Revolut currently employs 12,000 people globally, with the new positions covering product development, support functions, and financial services such as payment processing and fraud investigations [2] Group 1 - Revolut's head of talent acquisition highlighted India as one of the "deepest and most dynamic talent pools in the world," emphasizing the importance of the India tech hub for global operations [3] - Approximately one-third of Revolut's processes are now managed from India, including routine transaction monitoring and AI-based alerts [4] - The company is authorized to issue prepaid payment instruments in India and plans to launch its product in the next quarter [5] Group 2 - The expansion of the global capability centre in India is distinct from Revolut's broader India business operations [3] - The technical capabilities developed in India, such as video KYC, are being leveraged to enhance operations in other markets [4] - Revolut, founded in 2015, is valued at $75 billion, positioning itself as one of Europe's leading fintech companies [4]