Revolut to Invest Over $1.13 Billion in France

As part of its expansion strategy across the European Economic Area (EEA), the London-based FinTech giant Revolut has announced its plans to invest over $1.13 billion in France over the next three years.

Revolut made this announcement at French President Emmanuel Macron’s three-day “Choose France” summit at Versailles on Monday.

It has also revealed that Paris will now serve as its new Western European headquarters—alongside its existing base in Lithuania—solidifying a dual-HQ model to better serve its 40 million EEA customers.

Antoine Le Nel, Chief Growth and Marketing Officer at Revolut, said that their ambition was clear and they 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 are introducing an innovative dual-HQ operating model in the EU. This strategic move will enable us to offer an extended range of products and services, all within one of the most secure and protective banking structures established in the region,” Le Nel added.

The investment underscores Revolut’s ambition to become the largest banking group in Europe. Already one of the continent’s most valuable private tech company, Revolut currently boasts more than 55 million customers globally and reported revenues exceeding $3.95 billion in 2024.

The company is now planning to apply for a banking licence in France through the Autorité de Contrôle Prudentiel et de Résolution (ACPR), aiming to deepen its local footprint and regulatory engagement.

France is now Revolut’s fastest-growing market in the EU, home to over five million customers, with growth accelerating by 1.6 million new users in 2024 alone.

The new Paris HQ will oversee operations not only in France, but also in Spain, Italy, Portugal, Ireland and Germany. To support this expansion, Revolut is set to create more than 200 jobs locally, adding to its current 300-strong workforce in France.

Since 2021, Revolut has been establishing local branches across Europe to bolster regional operations. France was the first, followed by Spain, Ireland, Germany, Italy, Romania, and the Netherlands, with more branches expected to launch soon. The dual-HQ structure is designed to enable the FinTech company to scale faster, offer more locally aligned services, and strengthen its relationships with national regulators.

Largest Market

Pierre Décoté, Group Chief Risk & Compliance Officer, said that France is Revolut’s largest market with 5 million customers and fastest-growing EU market (+1.6M customers in 2024), offering significant opportunities for expansion and innovation.

Paris is a natural fit as a gateway to accelerate Revolut’s growth trajectory in Europe and beyond, thanks to its dynamic banking ecosystem, strong regulatory framework, and rising prominence as a financial hub, he said.

Currently, Revolut holds a European banking licence granted by Lithuania, which permits it to offer services like personal loans in France, Spain and Germany. However, Revolut believes that securing a second EU licence from France will allow it to better tailor its offerings to local markets, enhancing both regulatory cooperation and customer experience.

Welcoming Revolut’s decision, Éric Lombard, French Minister of the Economy, Finance, and Industrial and Digital Sovereignty, said that the UK fintech giant’s, decision to establish its Western European headquarters in Paris is excellent news, and a clear reflection of international investors’ confidence in the attractiveness of France.

This decision, one of the largest foreign investments in the financial sector in France in the past ten years, further strengthens Paris’ position as the leading financial hub in Europe, Lombard said.