Revolut and Rauva Fuel Digital Banking Hiring Spree
Hey Digital Banking Fanatic!
The digital banking hiring spree is in full swing. Revolut and Rauva are both growing fast, together planning to add nearly a thousand new roles across Europe, all while working toward full banking licenses.
Rauva, led by Jon Fath, wants to bring 500 people on board by the end of 2026. Just three years after launching in Lisbon, it’s expanding into Spain, Italy, France, and Greece, with a focus on product, operations, and support. Its banking license may come through acquisition, pending approval.
Revolut, under Beatrice Cossa-Dumurgier's leadership, is setting up a new headquarters in Paris and opening 400 roles across France, Spain, Ireland, Germany, and Portugal. It expects to grow its French team to 1,500 by 2029, as it applies for a local banking license.
But that’s just part of the story. Keep scrolling for more on Revolut, Rauva, and the latest moves across the digital banking world 👇
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🇱🇺 Revolut focuses on “product localization” to attract SMEs. The FinTech company is focusing on instant access to savings to win Luxembourg business customers, while exploring lending options and the potential benefits of a deeper regulatory footprint. Additionally, Revolut plans to create 400 new jobs as the Paris HQ leads hopes towards a French banking licence. The new roles will be created across France, Spain, Ireland, Germany, and Portugal, and will encompass risk management, compliance, and other key functions.
🇵🇹 FinTech Rauva to hire 500 people in Europe by 2026. The company claims the team expansion is due to the need to double the size of its operations, product, and support departments. The roles in this recruitment process include engineering, design, data, customer experience, operations, financial services, and growth.
🇧🇷 Nubank surprises by creating a new loyalty program, NuCoin. Nubank reported that the new nucoins will be registered on the blockchain like the old ones, but with the character of a utility token exclusively for the NuCoin program. Furthermore, Nubank introduces a subscription manager and launches the Colombo card for customers. With it, the digital bank aims to help users maintain control over the services contracted with their credit card.
🇺🇸 US bank lobby challenges crypto firms’ bids for bank licences. US banking groups have urged the country’s banking watchdog to postpone its decision on crypto companies’ bank licenses until more details about their plans are public, claiming that allowing the bids would be “a fundamental departure” from current policy.
🇦🇪 Network International partners with Wio Bank to expand digital SME lending in the UAE. The collaboration integrates Wio Bank’s lending products directly into Network’s merchant lending marketplace, streamlining access to business financing for SME merchants.
🇬🇧 Monzo migrates investment accounts to Seccl. As part of the migration, Monzo is introducing a range of new features, starting with a fully digital accumulation SIPP (to which customers can make new contributions, as well as consolidate existing pensions) and the ability to trade ETFs.
🇺🇸 Finzly has appointed Adam Carson as its first Chief Financial Officer, while Robert Coakley has been named as the new Head of Partnerships. Carson brings over two decades of financial expertise to the company. Coakley will focus on expanding Finzly's client portfolio.
🇺🇸 Wise Co-Founder slams FinTech’s plans to move listing to US. One of the main points of contention for Skaala Investments is that enhanced voting rights for certain shareholders, which were due to expire in July 2026, will be extended by an additional 10 years. The group’s letter said this was “buried in the proposal.”
🇪🇸 Spain's Unicaja signs 10-year partnership with DXC Technology to modernise its banking operations. Unicaja will leverage DXC's artificial intelligence solutions to drive automation, improve operational efficiency, and strengthen customer interactions.
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