Revolut, the global fintech now with over nine million UK customers and 40 million globally, has announced it will relocate its global headquarters to the newly refurbished YY London building in the centre of Canary Wharf, committing to a ten year lease. The move, which is due to take place in May 2025, will help facilitate the future growth of its UK and global operations.
Revolut will be based in the heart of Canary Wharf’s business district, having previously occupied an office in Westferry Circus. The company conducted a city wide search for its new global headquarters, opting for the YY London building due to its best in class workspace, nearby amenities, and leading ESG credentials. YY London’s innovative design prioritises sustainability, employee wellbeing and productivity.
Revolut’s office footprint in London will increase by over 40% to 113k sq ft and will take four floors of the building, with the company committing to a ten year lease. As a remote-first business, the company plans to use its new office in a more innovative way, taking advantage of the increased space for product launches, workshops, team building activities, and other events.
The announcement comes as the company reaches over nine million customers in the UK as well as recently confirming that it plans to grow its global workforce by 40% in 2024.
Nik Storonsky, Co-founder and CEO of Revolut, commented:“We are delighted to be committing to a new global headquarters in the centre of London’s financial district. Revolut started in 2015 with just a handful of employees but has grown to over 10,000 employees globally. Our new headquarters ensures we continue to build on this success and will serve as Revolut’s home as we expand across the globe.”
Francesca Carlesi, CEO of Revolut UK, commented: “Revolut continues to grow from strength to strength across the UK. We now have over nine million customers, an astonishing milestone for a company less than a decade old. This new head office strengthens our commitment to the UK, our home country, whilst also establishing the foundation to support future growth.
“For our teams at Revolut, this will be much more than an office. Over the course of the next decade, it will be a space to co-create, innovate and work productively in, but also a new creative environment to attract talent across engineering and banking fields. Working at Revolut will be for those wishing to be at the centre of the UK’s most innovative financial sector.”
Shobi Khan, CEO of Canary Wharf Group, added: “We are delighted Revolut has recommitted to Canary Wharf – the very place their remarkable journey began. From their humble beginnings in 2015 when they started out with just two desks at Level39 - our tech incubator, to now expanding into their Global Headquarters. Revolut's phenomenal rise is a powerful testament to the extraordinary environment we have created for the world's leading and most innovative companies”
Tristram Gethin, Founding Partner at Quadrant said: “We welcome Revolut to YY London. Revolut’s story is exceptional, having grown from being a start-up on Canary Wharf’s Level39 in 2015, into a leading global fintech today. Canary Wharf has been completely transformed into a thriving mixed-use neighbourhood and leisure destination in recent years, which has been supported by YY London, a new sustainable building that delivers on what modern businesses like Revolut require from their workspace. That Revolut has expanded into such substantial space at YY London is testament to the building’s quality and signals the future Canary Wharf is set to have as a home to the world’s most innovative rapidly growing businesses.”
YY London was purchased in 2019 by joint venture between Quadrant and funds managed by Oaktree Capital Management, L.P., to extensively refurbish the building to a highly modern ESG-led standard. The refurbishment was completed in 2023.
