UK fintech Revolut is set to hire 3,500 new staff after striking a deal with card company Visa to expand into 24 new markets.
The company plans to open in eight new countries, with the US, Japan, Canada and Singapore top priorities.
It then plans to open in other Latin American and Asia markets next year.
Its chief executive Nikolay Storonsky said that the fintech planned to hire rapidly to aid its expansion.
“We are around 1,500 people now and by summer next year we plan to be around 5,000,” he told Reuters.
He said the expansion could lead to Revolut doubling or tripling its customers in the next year.
The challenger bank launched in July 2015 and has grown at pace. It now serves 8m customers.
The deal with Visa will see at least 75 per cent of Revolut cards get Visa branding.
Visa chief product officer Jack Forestell said: “Revolut has made great strides in delivering innovative and unique experiences to consumers in Europe. We are thrilled to extend our relationship as Revolut looks to achieve their global growth ambitions and collectively drive increased volume on the Visa network.”
The expansion plans are dependent on Revolut receiving necessary regulatory approvals.
Revolut has suffered some growing pains, attracting the attention of the City watchdog earlier this year over sanctions-checking issues and facing accusations of a toxic workplace culture.
Storonsky said the company had learned from the problems it had faced.
“We are a different company than we were two to three years ago, we’ve learned lessons,” he said.