Revolut has announced the creation of a new Western Europe HQ in Paris, which will complement its existing European base in Lithuania and host the company’s future operations across Western Europe.
Revolut will submit a French banking licence application with the Autorité de Contrôle Prudentiel et de Résolution (ACPR), the regulator responsible for overseeing the French banking sector.
Revolut Group, the global FinTech with over 55 million customers and more than 40 million in Europe, has announced that Paris will become home to its new Western Europe headquarters. As part of this expansion, the company will soon apply for a French banking license and is set to invest more than €1 billion in France over the next three years, creating over 200 jobs and marking the largest foreign investment in the French financial sector in over a decade.
Sid Jajodia, Revolut’s Chief Banking Officer, said: “This marks a pivotal moment for Revolut’s European banking strategy. Establishing our Western Europe HQ in Paris and applying for a French banking licence positions us closer to our largest and fastest-growing customer base. France’s dynamic banking ecosystem, robust regulatory environment and strategic position as a financial hub provide the ideal foundation to accelerate our growth and deepen customer relationships.
“This move complements our existing bank in Lithuania, which remains a vital pillar supporting Revolut’s continued pan-European expansion; as well as our global HQ in London.”
