Revolut announced an expansion into France with a \u20ac1 billion investment plan \u2014 one of the largest foreign investments in the country\u2019s financial sector in over a decade \u2014 establishing a new Western European headquarters in Paris and applying for a French banking license. The announcement came during President Emmanuel Macron\u2019s Choose France summit at Versailles Palace, an event aimed at attracting over \u20ac20 billion in foreign investments.<\/p>\n
The expansion will create at least 200 new jobs in France, adding to Revolut\u2019s 300-person workforce. The new Western European headquarters in Paris marks a significant strategic shift in the company\u2019s European operations.<\/p>\n
Maintaining its Lithuanian banking hub while establishing Paris as a new headquarters for Western Europe<\/p>\n
Founded in 2015 by Nik Storonsky, Revolut has grown into one of Europe\u2019s largest digital banks, serving 55 million customers worldwide. The company generated<\/a> \u00a33.1 billion in revenue last year and employed about 10,000 people by the end of 2024. Current valuations estimate<\/a> the company\u2019s worth at $45-48 billion.<\/p>\n Revolut is adopting a dual-headquarters model for its European operations. While keeping its existing European banking hub in Lithuania, established in 2018, the new Paris office will manage operations across France, Spain, Italy, Portugal, Ireland, and Germany.<\/p>\n Antoine Le Nel<\/a>, Revolut\u2019s Chief Growth and Marketing Officer, explained the strategy: \u201cOur ambition is clear: we want to become the first banking group in Europe, revolutionising banking and offering cutting-edge financial services to customers across all 30 EEA countries. To bring this vision to life, we\u2019re introducing an innovative dual-HQ operating model in the EU\u201d<\/p>\n Paris: A natural choice for Revolut?<\/p>\n France represents Revolut\u2019s largest EU market with 5 million customers. The company\u2019s growth there has been remarkable, adding 1.6 million new users in 2024 alone. Building on this momentum, Revolut aims to reach 10 million French users by 2026 and 20 million by 2030.<\/p>\n