RevlutLondon -based Fintec Giant, in the next three years, has unveiled more than $ 1 billion investment plans in France, as a significant milestone in its expansion strategy across the European Economic Zone (EEA).
Today’s Choice France Summit has announced that the company has further revealed that Paris will now serve as its new Western European headquarters-to solve a dual-AQ model to better serve its existing EEA customers in Lithuania.
Antioin le nelThe main growth and marketing officer of the Revlut said, “Our ambition is clear: We want to be the first banking group in Europe, to revolutionize banking and provide cut-az financial services for customers across the 30 EEA countries. To make this outlook alive, we are introducing an innovative dual-HQ operating model in the EU. This strategic action will enable us to provide an extended product and services between the most secure and protective banking structure established in this regionThe “
Investment refers to Revlut’s ambition to become the largest banking group in Europe. In the meantime, one of the most valuable private technology companies in the continent, Revlut has proudly proud of more than 55 million customers worldwide and reports that revenue has exceeded $ 3.5 billion in 2024.
The company is planning to apply for a banking license in France via the Autory de Control Prudent at D.SPR (ACPR) in order to deepen its local footprint and controller busyness.
France has now accelerated 1.6 million new users in the EU, with more than five million customers in the EU, with more than five million customers. The new Paris headquarters will operate not only in France but also in Spain, Italy, Portugal, Ireland and Germany. To support this expansion, Revlut is ready to create more than 200 tasks locally, adding its current 300 powerful staff to France.
Since 2021, Revlut has been establishing local branches across Europe to encourage regional activities. France are the first, then Spain, Ireland, Germany, Italy, Romania and the Netherlands, more branches are expected to launch soon. The Dual-HQ structure is designed to make the fintech company quickly, to provide more locally aligned services and enable national regulators to enable its relationship.
Dark stoneGroup Chief Risk and Compliance Officer, explained, “France provides significant opportunities for the largest market for Revlut, including 5 million customers and rapidly growing EU market (+1.6 m customer in 2024). In Paris Europe and beyond the entrance to the trajectory of the revlut growth as a natural fit, its dynamic banking ecosystems, strong regulatory structures and growing prominence as financial centerThe “
Currently, Revlut has a European banking license issued by Lithuania, which allows it to provide services like personal loans in France, Spain and Germany. However, Revlut believes that securing the second EU license from France will allow it to make its offers better in the local market, extending both regulatory cooperation and customer experience.
Looking at the future, Revlut plans to launch a suite of new products, including mortgages, overdrafts and mobile phone plans in 2025, its services extend the retail banking space.
This declaration was warmly accepted by the French government. EricThe French Minister of Economics, Money, and Industry and Digital Sovereignty explained, “The decision to establish its western European headquarters in Paris is a clear reflection of the great news and the confidence of international investors in France’s attractiveness. This decision – one of the largest foreign investments in France’s financial sector in the last ten years – further strengthened Paris’s position as a top financial center in EuropeThe “
Since the revolution doubles in its European aspirations, this move not only strengthens France’s role as the original player of Fintech, but also indicates a new episode for the Challenger Bank’s Pan-European technique.
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