Revolut reports acquisition spree with M&A hiring

Fintech giant Revolut could be about to embark on an acquisition spree as its finance and strategy chief announces the expansion of its M&A team.

However tense economic terms While recent years have caused most tech companies to tighten their purse strings, Revolut has always wanted to present itself as an outlier. TCanary Wharf farm currently has almost 1,400 job offers advertised online with dozens of tasks.

One of Revolut’s recent recruits, Ferran Sostres i Sindreu, recently went to LinkedIn to give a boost to one of the firm’s job openings in the mergers and acquisitions team, first reported by Tech.eu.

Sindreu wrote: “If you are interested in joining the Revolut M&A team, contact me, we are hiring!

Fintech decacorn has priority rapid growth since its creation in 2015with the ultimate goal of establishment himself as a ‘supper app’ complete AYes financial stain.

And with the recent granting of a provisional banking license in the United Kingdomthe group is doubling down on its growth image.

Last month, Revolut announced a multi-day festival headlined by popstar Charli XCX in honor of it soon reaching 50 million users, following reports skyrocketing profits in July.

In that same annual report, for the financial year ending December 2023, Revolut reported that headcount increased by around a third compared to the previous year, to 8,152.

In the past, Revolut acquired digital point-of-sale software provider Nobly POS and New York-based talent search marketplace Wanted.

Another area of ​​expansion flagged by Revolut’s long list of job postings is the creation of an in-house crypto exchange.

The company has also come under scrutiny recently regarding its fraud prevention, with a BBC News investigation revealing that it was “named in more fraud complaints than any major UK bank”.

Amid discussion of the growing problem of financial fraud, Revolut has called for the burden of reimbursing victims to be lifted from payment providers and placed on the source of the crime, which it says is almost always social media.

Revolut’s job openings include fraud managers in the UK, Mexico and its European markets, as well as two dozen positions focused on financial crime.

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