Revolut, a global digital bank, has unveiled its new global headquarters in London’s Canary Wharf alongside plans to expand into South Africa as part of an ambitious growth drive. The bank, which already counts more than 65 million customers worldwide, has set a target of reaching 100 million by mid-2027.

The company confirmed it intends to launch locally in South Africa as part of a broader push into more than 30 new markets by 2030. While no formal launch date has been announced, the firm said it is laying groundwork for market entry across Africa, alongside moves in Latin America, the Asia-Pacific region, and the Middle East.

To back its expansion, Revolut has committed $13bn in global investment over the next five years, earmarking funds for job creation, infrastructure, and product development. The company has identified key milestones in Mexico, India, and the United Arab Emirates (UAE), while placing South Africa among its initial African priorities.

Revolut CEO, Nik Storonsky, described the company’s new headquarters as a launchpad for its global ambitions, calling the 100 million customer milestone “a bold but achievable goal.” Revolut said its expansion strategy will combine new retail markets, growth of its Revolut Business arm, which has passed $1bn in annualised revenue, and strategic partnerships.

The prospective entry of Revolut into South Africa could intensify competition in a banking market already undergoing rapid digital change, as consumers shift towards mobile-first financial services and local challengers seek to disrupt the dominance of traditional banks.