Digital banking app to create 400 new jobs with launch of Portugal office

London-headquartered Revolut has revealed plans to open a new customer operations centre in Portugal.

The new centre will be based in Porto and could create up to 400 new jobs in the country.

The payments app - launched in 2015 as a digital alternative to traditional banking - has over 250,000 customers in Portugal and has hired 70 customer support agents in Porto, with plans to increase this up to 400 employees.

Construction work for the new centre is currently underway and should be completed this year, moving staff from the existing temporary office.

Revolut is now said to be opening 1,000 new accounts each day in the country, and has grown by over 150 per cent this year.

Nik Storonsky, founder and CEO of Revolut, said: “Portugal is quickly emerging itself as a key FinTech hub in Europe, and we’re incredibly proud to be playing our part in that movement, by creating hundreds of new jobs.

“Last year, during my trip to WebSummit in Lisbon, it became very clear to me that the country was fully embracing all the benefits that financial technology has to offer.”

Additionally, Revolut has appointed Ricardo Macieira, the former country manager for Airbnb in Portugal, as growth manager for Revolut.

Ricardo Macieira will be responsible for developing Revolut’s business in the country. He is the co-founder and co-CEO of Alok Design Brands and, since 2015, he has worked as a mentor of entrepreneurship at Startup Lisboa, and has a degree in design from IADE.

He added: “We are very happy to start actively working the Portuguese market. Portugal has been one of the countries with the fastest and most pronounced growth of our platform and our focus will be to accelerate this expansion, as well as to continually work hard to improve our products.”

The team also welcomed Rebeca Venâncio and Miguel Costa. Rebeca Venâncio will lead Revolut’s communication and public relations in Portugal. Miguel Costa holds the position of community manager, with the aim of increasing user engagement.