Revolut, the fast-growing UK-headquartered digital bank, has pledged to invest £3 billion in Britain over five years, creating 1,000 new jobs.

The chancellor, Rachel Reeves, who today opened Revolut’s new global HQ in London’s Canary Wharf, hailed the plan as a vote of confidence in the UK.

Nik Storonsky, chief executive and co-founder of the bank, said the group now served 65 million customers worldwide and that innovation from the London hub would play a central role in pushing that number to his target of 100 million.

Revolut is rapidly adding new customers

He added that the UK investment was the cornerstone of a wider five-year plan to invest £10 billion and create 10,000 jobs globally.