8.6 C
New York
Friday, December 9, 2022
Home Challanger banks Revolut has offered relocation support to all its Ukraine-based employees

Revolut has offered relocation support to all its Ukraine-based employees

Fintech companies like Revolut, Zopa and bunq decided to offer relocation initiatives for workers in Ukraine.

Revolut has offered relocation support to all its Ukraine-based employees, be it in a safer place within Ukraine or in another country.

Read also: New payment options: eBay and Klarna start strategic partnership

Revolut said: “Our focus has been on protecting our staff and their families in Ukraine. We engaged a global security solutions partner which is providing guidance, emergency logistical support and the latest security updates in the country.”

“All Revoluters in Ukraine were onboarded to their dedicated security app. As the crisis escalated, we offered relocation support to all of our Ukraine-based employees, in case they wanted to relocate. In recent days we have been evacuating them or taking them to safe shelters, and have been in constant communication with those who decided to take their own routes. We continue to support those who cross the border.”

Zopa will also provide a relocation allowance of one month’s salary to support moving costs on receipt of right to work in the UK.

Jaidev Janardana, CEO at Zopa bank, says: “We are working with the Ukrainian Embassy in London and Ambassador Vadym Prystaiko to facilitate the process and encourage fellow members of our tech and fintech communities to extend their support.”

Helen Beurier, chief people officer, Zopa, said: “So far, Zopa has had a number of applicants to the scheme.”

Also, from March 4, Revolut no longer supports transfers to or from entities in Russia and Belarus.

Revolut has some of its more than 2,150 staff based in both Russia and Ukraine, and Storonsky said that he had to consider the wellbeing of those based in Russia before making any statement on the conflict.

Nik Storonsky holds dual U.K.-Russia citizenship. Revolut cofounder and Chief Technology Officer Vlad Yatsenko, 38, is Ukrainian and holds dual U.K.-Ukraine citizenship.

Nik Storonsky has publicly condemned the Russian invasion of Ukraine.

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Curve has secured a $1 billion credit line from Credit Suisse to launch Curve Flex

Curve is a financial service provider that connects debit and credit cards into one. With great exchange rates, rewards, and insights across...

Revolut won’t refund money to a woman who got scammed of £8,000 from her Vaults

Deborah Wright lost £8,000 of savings from her Revolut accounts to fraud in October, BBC reported.

TS Anil, CEO of Monzo, claims the bank will turn into profit in 2023

“We will be profitable in the next financial year,” TS Anil, chief executive of Monzo, told the FT’s banking summit on Thursday.

Klarna launched the platform that helps retailers to increase sales by 300% 

Recently the world-leading global retail bank Klarna has launched their new Creator platform that helps retailers find influencers best suited to their...