Revolut Expands Israeli Hiring to Enter Banking Market

British fintech giant Revolut is accelerating its preparations to enter the Israeli market by significantly expanding its hiring in the country. The company has posted numerous job openings in Israel, with a substantial number focused on core banking operations, including credit, regulation, risk management, collections, anti-money laundering, and operations. Among the specific roles advertised are credit product managers, banking operations managers, collections managers, and compliance officers.

The nature of these hires suggests Revolut is building the infrastructure for a regulated financial entity, rather than just commercial functions. For instance, one compliance position requires deep familiarity with Bank of Israel directives for proper banking management, Israeli consumer protection and privacy laws, and experience with risk and compliance systems.

This expansion aligns with Revolut's objective to obtain a license that will allow it to broaden its services in Israel. In June 2025, it was reported that Revolut was in discussions with Bank of Israel regarding a "lean bank" license, which would enable it to offer services like deposits and directly compete with local banks. To lead its Israeli operations, Revolut has hired Ori Nathan, the former CEO of Pepper.

Revolut aims to challenge the highly concentrated Israeli banking sector, currently dominated by five major banks. The company states it serves over 80 million customers globally and employs more than 13,000 people worldwide. A specific launch date for its operations in Israel has not yet been announced.