You don't have javascript enabled.

Revolut launches Rev-Women in Engineering Grant to support top talent with up to £5,000

Revolut is tackling the gender gap in engineering with its “Rev-Women in Engineering Grant.” Offering five grants of up to £5,000, the initiative supports high-performing women in the 2025 engineering internship program, combining financial aid with mentorship to encourage more women to pursue software engineering careers.

  • Marina Mouka
  • October 25, 2024
  • 4 minutes

Revolut, the global financial technology company serving 45 million customers worldwide, has unveiled its latest initiative aimed at addressing gender imbalances in engineering roles. The newly launched “Rev-Women in Engineering Grant” offers five grants, each up to £5,000, to support high-performing women enrolled in the company’s 2025 engineering internship programme.

The initiative, which is part of Revolut’s ongoing commitment to fostering diversity in tech, aims to encourage more women to pursue careers in software engineering.

Women currently make up just 25% of the tech workforce, and the representation is even lower in engineering, where only 15.7% of engineers in the UK are women, a slight decline from 16.5% in 2023. Revolut’s grant initiative seeks to reverse this trend by providing targeted financial support to female STEM students from the UK, Spain, Portugal, and Poland. These grants are intended to enable recipients to focus on their education and professional development without the added burden of financial constraints.

The £5,000 grants, which will be paid in local currency, are performance-based, meaning recipients must successfully complete the company’s Rev-celerator Internship Programme and receive an internal nomination. Additionally, successful candidates are required to accept an offer to return to Revolut as a graduate engineer in 2026 to secure the grant.

Alongside financial assistance, the Rev-Women in Engineering Grant offers applicants access to Revolut’s Rev-Women community. This platform provides a robust support network through mentorship, career coaching, and workshops aimed at building critical professional skills and confidence. The programme is open to individuals identifying as women, who are currently pursuing a STEM degree and are predicted to graduate with a minimum of a 2:1 equivalent.

Michelle Muyunda, Revolut’s Diversity, Equity, and Inclusion Specialist, highlighted the importance of such initiatives: “Unfortunately, there simply aren’t enough women engineers across the industry. We want to change this. We want all women to feel that a successful career in engineering is within reach, and with our new grant, we hope we can remove a barrier for this intake of women that enables them to take a seat at the table. We’re excited to welcome our new engineers and see them thrive at Revolut.”

Revolut’s UK CEO, Francesca Carlesi, echoed these sentiments, acknowledging the challenge of attracting female talent to traditionally male-dominated sectors. “Investing in top female talent is incredibly important to us. It can be difficult to attract talent into typically male-dominated roles, but we’re committed to developing new ways to get more women working in high-growth STEM industries. Our Rev-Women in Engineering Grant is the latest initiative from Revolut to promote more women in the fintech industry.”

As part of the programme, successful applicants will join Revolut’s software engineering team for the Rev-celerator Internship Programme, with a pathway towards permanent roles.

Cecilia Laitano, Software Engineer at Revolut, expressed her enthusiasm for the initiative: “We’re focused on fostering diversity and inclusion in tech, and with the launch of our new Women in Engineering Grant, we’re excited to invite more women to join our innovative software engineering team and build a rewarding career with us.”

Revolut’s latest move reflects a broader industry effort to address the significant gender gap in tech and engineering roles. By combining financial support with mentorship and career development, Revolut aims to not only support the next generation of female engineers but also shift the industry towards a more inclusive future.

Terms and Conditions of the Grant

The grant is open to individuals identifying as women who are in their penultimate year of a STEM degree in top universities across the UK, Spain, Portugal, and Poland. In addition to completing Revolut’s Rev-celerator Internship Programme, candidates must meet academic and performance benchmarks and accept a return offer to Revolut as a graduate in 2026. Grant payments, up to £5,000, will be made in local currency and will be subject to taxes and normal withholdings.