Revolut Expands into the Physical World with First Permanent Store in Barcelona
Revolut, a global financial technology company, is taking a bold step by moving beyond its digital-only model and entering the physical world. The London-based firm has confirmed plans to open its first permanent store in Barcelona, marking a significant shift in its strategy to build trust and engage directly with customers.
According to a spokesperson, the choice of Barcelona was driven by its unique combination of local density, global relevance, tourism, and innovation. “We chose Barcelona as the place to pilot our physical stores because it combines local density, global relevance, tourism and innovation,” the spokesperson said.
The new store is not intended to be a traditional bank branch. Instead, it will be described as a “high-visibility, immersive space” designed to make financial technology more accessible to the public. While the exact location and services offered are yet to be revealed, the company emphasized that the physical presence aims to foster trust and create a stronger connection with customers.
This initiative is still in its early stages, and the opening timeline depends on construction progress. Although the company is eager to complete the project soon, there is no confirmation yet on whether the store will open this year.
A Rapid Rise in the Fintech Sector
Founded in 2015 by Nikolay Storonsky and Vlad Yatsenko, Revolut began as a digital app offering multi-currency accounts and instant money transfers. Over the years, it has expanded into broader banking services, including loans, positioning itself as one of Europe’s leading digital banking platforms.
In 2025, Revolut reported record financial results, with revenue increasing by 46% to €5.2 billion. Profit before taxes also rose by 57%, driven by higher customer fees and strong growth in lending products. Its loan portfolio grew by 120% over the year, reflecting its expanding global banking ambitions.
“2025 was another landmark year. We have built a diversified, resilient business that is profitable at scale, providing the foundation for our next phase of growth,” said co-founder and CEO Nik Storonsky upon the release of the earnings report.
Global Expansion and Future Plans
Revolut is actively pursuing banking licences in multiple countries as part of its global strategy. It has already secured UK banking status and is targeting approvals in France and the United States. The company now serves around 70 million customers worldwide.
In Europe, Revolut has established a strong presence, particularly in France, Spain, and Poland, where more than 30% of adults opened an account in the past three years. The company remains committed to its five-year investment plan of £10 billion (€11.6 billion), which includes creating 1,000 jobs in the UK.
Looking ahead, Revolut expects to reach 100 million customers by mid-2027. The company is also exploring the possibility of an initial public offering (IPO). According to reports, Revolut is aiming for a valuation of up to $200 billion (€170 billion) in a stock market listing, which is not expected before 2028.
Expanding in Spain
Revolut has announced plans to expand its presence in Spain, including a new office in Barcelona. The company plans to hire 300 people in the region by 2028, bringing total staff numbers to around 1,000. It also plans to open a new office in Madrid by the end of the year, with a further 500 hires expected by 2028.
This expansion underscores Revolut’s commitment to growing its operations in key markets and strengthening its position in the European fintech landscape. As it continues to evolve, the company’s focus on innovation and customer engagement remains central to its success.
