Revolut CEO calls on government to issue special tech visas ahead of Brexit

Mark Johnson's picture
by Mark Johnson

Nik Storonsky, the CEO of one of the UK’s biggest fintech start-ups, Revolut, has waded into the Brexit debate by calling on the government to issue special visas for technology professionals.

"We need to apply pressure on the UK government to introduce fast track visas for technology professionals, particularly in the areas of software development and data science,” said Storonsky as he announced the company’s plan to double its workforce in the UK.

“Such a move will give a much needed boost to the UK skills market and allow UK-based tech companies, such as Revolut, to create more jobs and scale our operations globally.”

"Right now, there is no doubt in my mind that London is the best place to build and grow a fintech startup,”

"With all of the political uncertainty kicking off right now, lengthy immigration processes and bureaucracy will only slow down the UK FinTech industry's growth and we risk losing out on the best talent to other EU countries such as Germany and France.”

Revolut now has four million customers and says it is opening more than 10,000 new accounts daily. The company is also planning to launch in seven new international markets.

“While our current growth rate is really impressive for a three year old company, we are targeting 50,000 new accounts in Europe each day by the end of the year, and we’ll need to double our workforce here in London if we’re to achieve this goal.

As reported by Prolific London earlier this month, Revolut admitted to the Financial Times newspaper that it made up statistics in a high-profile ad campaign.

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