Revolut: A Level39 success story

Financial Services | Reports | South East | Technology

Revolut, one of the UK’s unicorn fintech businesses, has transformed the banking services sector with its prepaid debit cards, current accounts, insurance, currency exchange, cryptocurrency exchange and peer-to-peer payment functionality.

The company was one of the most successful businesses that utilised the unique community offering available at Level39.

With over six million users, Revolut has now expanded into stock trading through its app for existing customers.

Asif Faruque, Head of Content at Level39 comments: “In 2018, we saw one of our first, smaller businesses, Revolut, take commercial office space in Canary Wharf. They started as a four-person business, working out of hot desks. Now they boast more than 500 employees, global locations, and are valued at close to $2bn (£1.6bn). They joined two more of our members, Digital Shadows and Motive Partners, in taking commercial space in the district. That’s a strong sign that Fintech still has a lot of room to grow globally.

“It’s also further proof that a property company can play a multi-faceted role in a business’ growth journey. Level39 has proven it can support a company in its earliest stages – later down the line, Canary Wharf is able to come through and offer total support for scale-up technology businesses.”

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