Revolut signals acquisition spree with M&A hire

Fintech giant Revolut could be on the verge of an acquisition spree as its finance and strategy manager advertises expanding its mergers and acquisitions team. 

Though strained economic conditions in the last couple of years have caused the bulk of tech firms to tighten their purse strings, Revolut has always wanted to project itself as an outlier. The Canary Wharf firm currently has almost 1,400 job openings advertised online with dozens of duties. 

One of Revolut’s recent senior hires, Ferran Sostres i Sindreu, recently took to LinkedIn to give a push to one of the firm’s job postings in the mergers and acquisitions team, first reported by Tech.eu. 

Sindreu wrote: “If you are interested in joining Revolut’s M&A team, hit me up, we’re hiring!” 

The fintech decacorn has prioritised rapid growth since its foundation in 2015, with the ultimate goal of establishing itself as a ‘supper app’ to complete any financial task. 

And with the recent granting of a provisional UK banking licence, the group is doubling down on its image of growth. 

Last month, Revolut announced a multi-day festival headlined by popstar Charli XCX in honour of it shortly hitting 50 million users, off the back of reporting soaring profits in July. 

In that same annual report, for the year ended December 2023, Revolut posted that employee headcount rose around 5% from the year before to 4,624.

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

Another area of expansion signalled by Revolut’s lengthy list of job openings is the establishment of an in-house crypto exchange. 

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

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

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

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