2 MINUTE READ
Drawn to Australia's leading tech city, Revolut established its Australian HQ in Melbourne
(UNITED KINGDOM 2021)
Founded in 2015, UK-based global fintech giant Revolut is a fast growing fintech start-up headquartered in London.
Employing more than 2,000 staff across 23 offices and boasting more than 15 million customers globally, Revolut has established an office in Melbourne, Australia.
They join Melbourne’s thriving fintech sector, which is home to a fast-growing number of internationally successful fintech start-ups including Afterpay, Square, Airwallex, Assembly Payments and Pepperstone.
Revolut’s full launch in Australia marked an exciting chapter for the fintech business.
We’ve come a long way since we first entered the Australian market, and we’re glad to say that this is just the beginning. Now we’ve concluded our beta version, we plan to release some very exciting features for our Australian customers and will continue to work with Invest Victoria along the way.
Matt Baxby - CEO, Revolut
Through its personal and business accounts, Revolut is devoted to connecting people across the world and helping its customers gain control of their finances with the assistance of its app.
With a commitment to building the world’s first truly global ‘financial super app’, Revolut’s product includes a range of features including a multi-currency spending account, smart budgeting, cryptocurrency and commodities exchange services, shopping and cashback rewards, and the ability to donate directly to local charities. It also includes Revolut Junior, a prepaid card and money management app designed for children aged 7-17.
The successful adoption of its signature technology internationally and the knowledge that Australia is one of the fastest growing markets in the world for fintech has enabled Revolut to enter a new phase of growth and led to the establishment of its Australian headquarters in Melbourne.
Revolut was drawn to Melbourne, Australia’s leading tech city for its rich talent pipeline and its proximity to potential business partners. Melbourne has a large and sophisticated financial services sector from which it will seek to secure highly skilled staff. Melbourne also is home to two of Australia’s top four international banks and other financial services heavy weights.
We were drawn to set up Revolut's Australian headquarters in Melbourne due to the city's reputation as a strong tech hub with a rich talent pipeline. The liveability of the city and its thriving fintech ecosystem were also major factors that brought us here to Melbourne.
Matt Baxby - CEO, Revolut
Revolut approached Invest Victoria to assist with their entry to the Australian market. Invest Victoria’s deep industry connections and market savvy investment team assisted Revolut with:
- Market entry business case development
- Connections to potential business partners and service providers
- Facilitating opportunities to meet Government Ministers
- Providing networking opportunities through invitations to attend industry conferences