Key Takeaways
- The initiative includes the creation of a dual-headquarters model, with Paris joining Vilnius, Lithuania, as one of Revolut’s core EU bases
- The company is also pursuing a French banking license through the country’s financial regulator, the Autorité de Contrôle Prudentiel et de Résolution (ACPR)
Leading London-based crypto neobank Revolut, announced a Euro 1 billion investment plan aimed at scaling its operations and establishing a new headquarters for its European Union business. The announcement was made at a “Choose France” summit in Paris
The initiative includes the creation of a dual-headquarters model, with Paris joining Vilnius, Lithuania, as one of Revolut’s core EU bases. The firm also plans to create at least 200 jobs in France over the next three years.
The company is also pursuing a French banking license through the country’s financial regulator, the Autorité de Contrôle Prudentiel et de Résolution (ACPR). The license would allow Revolut to expand its services and offer localized banking products across France and the broader European Economic Area (EEA), which includes 30 countries and more than 40 million potential users.
Antoine Le Nel, Revolut’s Chief Growth and Marketing Officer, said the move signals the company’s intention to become the leading pan-European banking group. He emphasized that the dual-office strategy would allow Revolut to scale its services securely and deliver advanced financial products across the continent.
Although Paris will serve as a new command center for Revolut’s EU operations, the company noted that its Lithuanian office remains a crucial part of its European strategy. The two hubs will work together to drive growth and regulatory compliance across the region.
Last month, the fintech firm revealed that its pretax profit increased 149% in 2024 to a staggering 1.1 billion pounds ($1.46 billion), emblematic of its success in the fintech space.
