At the Choose France business summit hosted by President Emmanuel Macron in Paris on Monday, London-based fintech company Revolut announced the opening of its new Western European headquarters in the city, pledging to invest over €1 billion over the next three years and hire at least 200 employees during that period.
Revolut also confirmed that it is in the process of submitting a banking license application to the French Prudential Supervision and Resolution Authority (ACPR).
The company currently employs around 300 staff in France and serves 5 million customers, making the country Revolut’s largest market within the European Union. The company aims to reach 10 million French users by the end of 2026 and to double that number by 2030. Revolut already offers credit, cryptocurrency, and trading services on the French market.
Founded in 2015 and recently valued at approximately $45 billion, Revolut is one of the world’s largest and fastest-growing fintech firms, with 55 million customers globally. The company reported £3.1 billion in total revenue last year and employed approximately 10,000 people by the end of 2024.
After receiving a restricted banking license in the UK last year, where it now has 11 million users, Revolut is actively pursuing new regulatory approvals in various regions, with 10 license applications currently under review worldwide. It was recently granted a Prepaid Payment Instrument (PPI) license by the Reserve Bank of India and is preparing to launch its Mexican bank in the coming months.
