The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.19 - Other monetary intermediation
100 jobs Number of planned job creations
Announcement Date
2 April 2021
Employment effect (start)
2 April 2021
Foreseen end date
31 December 2021
Description
Revolut, a British fintech company that provides a range of financial services online, is to create 100 new jobs in Vilnius by the end of 2021, where it will be expanding its banking, financial crime and money laundering prevention and customer service teams.
The company opened its office in Vilnius in 2017 and was rapidly expanding since then. Currently Revolut employs around 200 employees in its Vilnius office. According to the management, the Vilnius team is responsible for accelerating the ambitious growth of Revolut in Europe. In total, the company has plans to hire around 1,000 sales professionals in different countries (Lithuania, Poland, Spain, Portugal, France, the United Kingdom and the United States).
Revolut is a global financial platform that offers different banking products – insured deposit accounts, credits, currency exchange, cryptocurrency exchange, peer-to-peer payments, and others. It has around 15 million customers worldwide, 300,000 of them in Lithuania.
Eurofound (2021), Revolut, Business expansion in Lithuania, factsheet number 104422, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/104422.
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