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Revolut becomes WeWork’s first enterprise member to sign new space using crypto

Source: WeWork

Revolut, the financial superapp with 15 million customers worldwide, announced today that it is partnering with WeWork, one of the leading global flexible space providers, as it moves towards more flexible working.

In its latest deal with WeWork, Revolut will take space for more than 300 employees at WeWork 6900 Dallas Parkway in Dallas, the hub for the company’s U.S. expansion.

Revolut will also be WeWork’s first enterprise member to sign new space using cryptocurrency, specifically Bitcoin, as it establishes its largest office yet in the US.

Revolut has adopted permanent flexible working, enabling the vast majority of its 2,000+ employees to choose when and how often they would like to work from home or visit the workplace. As part of this plan, the company is implementing its innovative RevLabs real estate strategy to repurpose all offices as flexible collaborative spaces, taking space with WeWork in Berlin, Dallas, Dublin, Melbourne, Moscow, Singapore and New York.

RevLabs will be designed to facilitate collaboration and teamwork, with around 70 percent of office space devoted to collaboration. The new format will cater to rapid headcount growth and provide spaces for creative thinking, brainstorming, training and knowledge exchange - some of the face to face interactions that people have missed throughout the pandemic. There will also be quiet zones and space for meetings. The first RevLabs space has opened at WeWork 222 Exhibition St in Melbourne.

Rhebecka D’Silva, Revolut’s Global Head of Real Estate said:
“Revolut is always looking to push the boundaries of innovation, be it in financial services or workplace experience. We’re excited to continue on our rapid growth trajectory with an innovative partner like WeWork that affords us the flexibility to pay using cryptocurrency – a technology whose future we vehemently believe in – as Revolut expands in the US and around the world.”

Ron Oliveira, Revolut’s U.S. CEO, said: “Since launching our financial superapp in the US last March, we’ve been consistently refining our product to offer customers across the country greater visibility and control over their financial lives. In 2021, Revolut remains committed to our U.S. expansion and we look forward to further growing Dallas as a tech hub through our new office space and hiring initiatives.”

Nick Giraudeau, Global Head of Financial Services Sales, WeWork said: “WeWork is excited to be Revolut's global real estate partner. We look forward to supporting their new standard for the future of work, with a progressive employee-led approach that prioritises flexibility, collaboration and choice. Flexibility is essential for growing companies, and by supporting transactions in cryptocurrency, we can offer choice and convenience while supporting Revolut’s innovative business.”

Fintech innovation
A leader in fintech innovation, Revolut’s decision to use cryptocurrency to pay for its WeWork membership demonstrates its confidence in blockchain as well as the wider potential for cryptocurrency. This follows WeWork’s announcement in April that it would begin utilizing cryptocurrency as a form of payment for inbound and outbound transactions to enhance the flexibility and optionality it offers its members.

Revolut currently offers U.S. customers the ability to buy, hold, and sell Bitcoin, Ethereum, Litecoin, and Bitcoin Cash from the Revolut app with the tap of a button, and plans to add new tokens to the app in the near future. Striving to make cryptocurrency more accessible for everyone, Revolut offers fee-free crypto limits, enabling U.S. customers to trade cryptocurrency up to this limit, without any fees.

U.S. Growth
Since launching in the U.S. in March 2020, Revolut has continuously worked to provide best-in-class financial services for both retail and business customers across the country. Earlier this year, the company launched its innovative business accounts and submitted its draft application for a U.S. bank charter. For the second half of the year, Revolut will remain focused on its U.S. expansion, bringing new innovations to market and hiring exceptional talent. 

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