Revolut, the fintech hiring 0.15% of applicants, raised pay
Revolut is going from strength to strength. It revealed earlier this month that it finally secured its UK banking license, and now has revealed that revenue was up 46% last year. It had some help from a lot of new faces.
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Revolut hired over 1,500 people last year, growing its headcount to 10,909 according to its 2025 annual report published this week. Headcount was up in each of its divisions with the notable exception of customer operations, which got rid of 274 people last year. The bank has been automating that function, and partnered with ElevenLabs, which provides AI voice agents, this January. That doesn't mean they were fired; Revolut said in the report that it launched an internal mobility system via its performance management tool 'Revolut People.' 893 employees transitioned to "other business areas."
Revolut received a total of 1.7 million job applications last year; this suggests the bank had an application acceptance rate of just 0.15% for the 2,470 roles it filled internally and externally.
Despite the rise in headcount, compensation per head increased 5.6% to £70.6k ($95k). This was primarily driven by a rise in salaries and wages. It might suggest that Revolut's new hires in 2025 are high earners, but the report also noted that Revolut "had 1,555 promotions and a further 5,946 progressing into the next sub-seniority," which may have come with pay-rises.
Among those promoted were three new Revolut partners. They include Artsiom Yancheuski, Revolut's head of Python engineering and Julia Ponomareva, Revolut's director of customer experience and AI products (who played a role in the bank's deal with ElevenLabs).
Revolut is set to grow even larger in 2026. In CEO Nik Storonsky's letter, he said that the fintech plans to create 1,000 jobs in London, 400 in Paris and 800 across Madrid and Barcelona.
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