UK-based fintech startup Revolut is to open a finance centre in Lithuania. The company, which provides payment services across Europe, plans to recruit a team of up to 40 IT specialists. The precise number will depend on the company’s rate of expansion.
“We are delighted to collaborate with the Central Bank of Lithuania,” says Nikolay Storonsky, CEO of Revolut. “It is an important step for us to improve the services for our existing customers, and demonstrates Lithuania’s readiness to collaborate with the most successful global FinTech startups to bring innovation to financial services.”
The Vilnius office will be Revolut’s fourth finance centre in Europe. Currently the company has offices in the UK, Poland and Russia.
According to company figures, the total amount of transactions it processes is increasing by approximately 36% every month, with 2,000 new users joining its client base every day. Revolut currently has an estimated 350,000 customers globally, and in just over a year these users have transacted over $1 billion.
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