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Revolut makes first acquisition with team from New York start-up Wanted
Whilst not a full buyout of a business, the deal brings new talent to support product development and marks its first foray in the world of acquisitions.
Revolut has acquired the full team from Wanted, a talent sourcing marketplace founded by Balazs Alexa, Guillaume Breux, Mario Eguiluz, Jean Meyer and Eva Peris in 2019.
The five-strong team from New York-based Wanted raised a pre-seed round of $2m from Hoxton Ventures in 2019 and says it grew to a 100k user base of professionals.
Wanted sits in the HR-tech space and describes itself as a "Headhunting as a Service" platform that helps bring down the cost of hiring top talent.
The acquisition, Revolut says, will strengthen its product development resources.
“We are very excited to join Revolut, a company that is leading the fintech revolution. We have all been loyal Revolut users for years and we now have the opportunity to contribute to a product we love and use on a daily basis.” said Jean Meyer, founder and CEO of Wanted.
Revolut co-founder and CEO, Nik Storonsky, said: “The Wanted team’s talented entrepreneurs and engineers can help us accelerate our growth goals as we continue to develop new products and services. We are looking forward to their joining the Revolut team.”
Founded in 2015, Revolut says it has more than 16 million global customers and is seeing more than 150 million transactions a month.