• Revolut has today announced the creation of a new Western Europe HQ in Paris, which will complement its existing European base in Lithuania and host the company’s future operations across Western Europe.
• Revolut will submit a French banking licence application with the Autorité de Contrôle Prudentiel et de Résolution (ACPR), the regulator responsible for overseeing the French banking sector.
• Revolut is set to invest over €1 billion in France over the next three years, creating 200+ new jobs — marking the largest investment in the French financial sector in a decade.
• Lithuania remains a key base for Revolut's growth in Europe, with the company's growth plans and product pipeline in Lithuania, as well as the rest of the region.

Revolut Group, the global fintech with over 55 million customers and more than 40 million in Europe, has announced as part of today’s Choose France Summit that Paris will become home to its new Western Europe headquarters. As part of this expansion, the company will soon apply for a French banking license and is set to invest more than €1 billion in France over the next three years, creating over 200 jobs and marking the largest foreign investment in the French financial sector in over a decade.

Now one of the fastest-growing banks in European history, Revolut’s bank in the EEA is solidifying its status as one of the few financial institutions serving customers across all 30 countries. With plans to surpass 100 million customers globally in the coming years, Revolut is already one of Europe’s largest banks and is on track to become one of the world’s biggest financial institutions.

Building a resilient banking network for European operations

To support this growth, Revolut has been establishing local branches since 2021, starting with France, followed by Spain, Ireland, the Netherlands, Germany, Romania, Italy. Further branches are scheduled to open in the next few months across other European markets.

Building on the foundation of its local branch network, Revolut is taking a step further in its European growth strategy by announcing its application for a French banking licence and the foundation of a Western Europe HQ, in addition to the existing Lithuanian entity, based in France. This dual-HQ model for the EEA will allow Revolut to deepen its presence in key markets, strengthen local regulatory engagement, and provide tailored services more effectively to its millions of customers in the region.

Revolut's Western Europe HQ will initially serve its operations in France, with branches in Ireland, Germany, Portugal, Spain, and Italy later joining the expansion; the Lithuanian HQ will continue to serve Revolut's customers in other European markets.

Sid Jajodia, Revolut’s Chief Banking Officer, commented:“This marks a pivotal moment for Revolut’s European banking strategy. Establishing our Western Europe HQ in Paris and applying for a French banking licence positions us closer to our largest and fastest-growing customer base. France’s dynamic banking ecosystem, robust regulatory environment, and strategic position as a financial hub provide the ideal foundation to accelerate our growth and deepen customer relationships. This move complements our existing bank in Lithuania, which remains a vital pillar supporting Revolut’s continued pan-European expansion; as well as our global HQ in London.”

Shaping the future of banking

Revolut’s bold ambition to reshape the European banking landscape is driven by its unwavering commitment to innovation, scale, and resilience. With the establishment of local branches, a rapidly growing global customer base, and the creation of a second EU HQ, Revolut is reinforcing its ability to deliver exceptional financial services and fuel the next chapter of its growth.

Antoine Le Nel, Chief Growth and Marketing Officer at Revolut, said: “Our ambition is clear: want to become the largest 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’re 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.”

The Western Europe HQ will be led by a highly skilled team of top industry leaders showcasing Revolut’s dedication to localised expertise. Revolut is actively recruiting top talent, with plans to hire at least 200 professionals in France. Further updates on key appointments will be shared in the coming months.

Looking ahead to 2025, Revolut has an exciting portfolio of product launches aimed at further expanding its innovative European ecosystem. This year’s roadmap includes: mortgages, mobile phone plans, overdrafts, and more, designed to meet the evolving needs of European customers.

Éric Lombard, French Minister of the Economy, Finance, and Industrial and Digital Sovereignty, explained: “Revolut’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.”

Augustin de Romanet, President of Paris Europlace, added:“Revolut’s strategic investment — as Europe’s leading fintech — reinforces Paris’ standing as a key financial centre, supported by a robust, innovative, and forward-looking ecosystem. This choice reflects the strong momentum we are collectively building to strengthen France’s economic competitiveness and international influence.”