U.K.-based Revolut is betting on Dallas becoming a financial technology hub after picking the city for its third office in the U.S., after New York and San Francisco.
“Dallas is a brilliant market for hiring an educated workforce, and its tech scene is improving substantially,” said Revolut global head of sales Matthew Acton Davis.
The $5.5 billion fintech company started in 2015 and has amassed 15 million global customers. After raising close to $1 billion in investment, it broke even in 2020 and is now focused on reaching sustainable profitability. While it’s a household name in Europe, it didn’t come to the U.S. until March 2020 and has just 50 employees in the country. But it already boasts an impressive 200,000 U.S. customers.
The 2,500-employee company is embarking on a hiring spree this year. It aims to hire 1,000 sales employees in 2021, up from just 20 employees concentrated in the United Kingdom last year.
Three hundred of the new salespeople will work out of the Dallas office to sell the Revolut Business product. So far, Davis has hired two people for the Dallas location. He hopes to hire 100 in the next two months.
“They won’t just be focused on selling the product,” Davis said. “We just need to let people know the product is out there because we’re still relatively new in the U.S.”
Revolut hasn’t selected a physical office location in Dallas but has a flexible work-from-home policy, allowing employees to work from anywhere in the world for two months of the year.