Revolut Picks Paris as EU Hub in €1 Billion Expansion

Revolut picks Paris as EU hub in €1 billion expansion, reinforcing its ambitions to dominate European banking. The FinTech giant announced the move at the Choose France Summit, revealing plans to invest over €1 billion and create 200 new jobs in France over the next three years.

To support this expansion, the London-based neobank will apply for a French banking licence through the ACPR, adding to its existing European licence in Lithuania. This dual-licence strategy aims to enhance local product offerings and deepen regulatory cooperation across the EU.

France, now Revolut’s fastest-growing market in the bloc, boasts more than five million customers, 1.6 million of whom joined in 2024 alone. As a result, the new Paris office will serve as the company’s Western European headquarters, overseeing operations in six countries: France, Spain, Germany, Italy, Portugal, and Ireland.

“Our vision is simple,” said Antoine Le Nel, Revolut’s Chief Growth and Marketing Officer. “We want to become Europe’s largest banking group. Therefore, establishing a dual-HQ model helps us deliver innovative, secure, and locally aligned financial services.”

Revolut Picks Paris as EU Hub in €1 Billion Expansion

With that in mind, Revolut now serves over 55 million customers worldwide and has €3.5 billion in revenue reported for 2024. Revolut is Europe’s most valuable private tech company. The investment in France highlights its commitment to scaling its footprint across the European Economic Area.

Moreover, the French government welcomed the move. Éric Lombard, Minister of the Economy, praised the decision as one of the most significant financial investments. France has seen in a decade, calling it a clear vote of confidence in the nation’s regulatory and innovation landscape.

Looking ahead, Revolut’s expansion also includes plans to launch mortgages, overdrafts, and mobile phone plans in 2025, pushing deeper into the retail banking sector. Accordingly, the company believes the Paris base will be critical to accelerating that rollout.

Revolut picks Paris as EU hub in €1 billion expansion, marking a strategic shift that strengthens both its regional presence and its mission to reshape European banking from the ground up.

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