Revolut, a fintech company, is expanding its mergers and acquisitions (M&A) division, signalling a potential shift towards acquiring other businesses. Revolut is expanding its crypto platform, Revolut X, to 30 new EEA markets, offering access to over 200 tokens with competitive fees.
Revolut Focuses on M&A and Expansion
A recent job advertisement highlights the firm’s interest in building its M&A team. Despite an uncertain economic environment, which has led many tech companies to reduce spending, Revolut appears focused on growth.
Finance and Strategy Manager Ferran Sostres i Sindreu promoted these M&A job opportunities on LinkedIn. This move, first reported by Tech.eu, aligns with Revolut’s long-standing expansion strategy, aiming to establish itself as a comprehensive financial “super app.” Revolut’s pursuit of a provisional UK banking license further explains this ambition.
Revolut X Launches in 30 New Markets
Revolut’s growth strategy extends to cryptocurrency services. Following the successful UK debut of its standalone crypto exchange, Revolut X, the company has announced plans to bring the platform to 30 additional markets within the European Economic Area (EEA), as reported by Finance Magnates.
Revolut X offers access to over 200 digital tokens, competitive pricing, and low transaction fees, positioning the company as a strong competitor in Europe’s cryptocurrency market.
Reporting Growth, Workforce Increase, Acquisitions
Celebrating its approaching milestone of 50 million users, Revolut has also reported strong profit growth alongside an increase in its workforce, which now totals 8,152 employees. This staffing boost, alongside new acquisitions like Nobly POS and the talent-sourcing platform Wanted, highlights Revolut’s approach to broadening its service offerings.
According to Revolut, compliance remains central to its operations. After receiving a UK banking license in July 2024, the company is preparing to issue its own stablecoin. Revolut has also backed shifts in fraud prevention responsibilities, suggesting that social media companies, often where fraud originates, should bear part of the financial burden.
Meanwhile, Revolut has applied for a banking license to operate in Colombia as part of its efforts to expand in Latin America. This follows its entry into Brazil last year and the acquisition of a banking license in Mexico in April.
This article was written by Tareq Sikder at www.financemagnates.com.