Digital bank Revolut has launched a technology centre in Barcelona that will serve south-west Europe. The company will use this tech hub to implement the innovation and development of financial products in the region. The new office covers five hundred square metres spread over two floors, and the new space can be used by 130 people. Barcelona, where more than half of the British bank’s 750 employees in Spain work, plans to double its workforce by the end of 2025. The company wants to turn its facilities in the Catalan capital into a pole of attraction for tech talent in southern Europe.

Job creation
Spain is already Revolut's fifth country by number of employees, with 50% growth since the end of 2022. In addition to Barcelona, these employees are spread between Madrid and other cities. Company investment in Spain is in job creation, infrastructure, marketing, and new product launches.

Thanks to this investment, Spain has also become the bank's fifth-largest market by customer volume. It reached three million users in April, with 70% growth in 2023 and half a million customers added in the first four months of 2024. Worldwide, 40 million people now have an account with the bank.

Technological benchmark
The director of the new technology centre and head of merchant acquiring at Revolut, Álex Codina, explained, “Opening this new tech hub, which will be a reference point for the company at a technological level in Southern Europe, acknowledges the role of the Spanish market in Revolut's growth. Spain is a world-renowned pool of technological talent and, with the rise of remote work and digitalisation, our country is also a benchmark for attracting foreign talent. This is why Revolut has chosen Barcelona as the nerve centre for operations in the data analysis, engineering, technological development, and innovation area.”

In order to attract foreign talent, the bank has launched a relocation campaign aimed at software engineers who want to move to Spain, Portugal or Poland to grow professionally. The company offers them support in family relocation and assistance with visa and residence permit applications.

In terms of its objectives, the company's head of growth for Southern Europe, Ignacio Zunzunegui, points out that “Revolut's exponential growth in Spain only reaffirms our investment plans in this market. We will continue to invest in innovation and development to offer the best financial products and services to our users, adapting to their needs. We want to be the benchmark bank  for Spanish users.”

^{Photo: Revolut}