Revolut plans to invest in French market
European neobank Revolut announced plans to invest more than €1 billion ($1.1 billion) in France as part of a major expansion strategy across the European Union.
The company shared its intentions at the Choose France business summit on May 19, hosted by French President Emmanuel Macron, reports Cointelegraph.
As part of the initiative, Revolut will establish its EU headquarters in Paris and hire at least 200 employees over the next three years.
The London-based fintech, which currently employs 300 staff in France and serves five million customers there, has identified the country as its most important EU market. Revolut’s representatives also confirmed they are preparing to apply for a full banking license from France’s Prudential Supervision and Resolution Authority, aiming to strengthen local oversight and operational autonomy within the bloc.
French license to boost regulatory compliance and growth
According to Fortune, regulators have encouraged Revolut to pursue a French license to improve supervisory mechanisms amid its growing footprint. A banking license would enable the firm to offer a broader suite of financial services, including more competitive lending products, deposit protections, and streamlined compliance with EU regulations post-Brexit.
Revolut’s ambitions align with France’s push to become a leading financial hub in Europe. The move also reflects ongoing efforts by fintech firms to deepen roots within specific EU jurisdictions to navigate tightening regulatory requirements while continuing to innovate in crypto and mobile banking.
Aggressive growth targets in EU fintech race
Founded in 2015, Revolut has become one of Europe’s most prominent neobanks, recently achieving a $45 billion valuation and serving more than 55 million customers globally. The company reported £3.1 billion ($4 billion) in revenue in 2024, with a headcount exceeding 10,000 employees by year-end.
With its French expansion, Revolut now aims to reach 10 million users in the country by the end of 2025 and double that by 2030. It already offers cryptocurrency services, stock trading, savings accounts, and loans within a mobile-first platform—positioning itself at the intersection of traditional finance and digital innovation.
As Revolut formalizes its application for a French license and scales its investment in the region, it strengthens both its operational independence and its foothold in the competitive EU fintech landscape.
Recently we wrote that the Dubai government has signed a formal agreement with Crypto.com to allow residents and businesses to pay for government services using cryptocurrencies.
Latest Finance News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
