Revolut, the London-based neobank with crypto services,
plans to invest more than €1 billion ($1.1 billion) in France and apply for a
French banking license. This was announced at the Choose France summit hosted
by President Macron in Paris. The firm intends to establish its EU headquarters
in Paris and hire at least 200 employees within three years.
From a retail perspective, Revolut aims to expand its
relationship with French customers by expanding product offerings and enhancing
user experience. The neobank sees strong demand for its crypto and trading
services in France, which has become its largest EU market. Revolut
representatives emphasized the importance of local banking authorization to
build trust and meet regulatory expectations, helping to support sustainable
growth.
Revolut Targets French Users, Seeks License
Currently, Revolut employs around 300 people in France and
serves 5 million customers, making France its largest EU market. The company
aims to grow its user base to 10 million by the end of next year and 20 million
by 2030, as Cointelegraph reported.
You may find it interesting at FinanceMagnates.com: Will
Revolut Target Its 5 Million-User Market in France With CFDs Next?
Revolut’s growth includes a $45 billion valuation and over
55 million global customers. Its 2024 revenue reached £3.1 billion ($4
billion), with over 10,000 employees worldwide. Revolut recently obtained a UK banking license and is
pursuing similar licenses across multiple countries, including a Prepaid
Payment Instruments license in India. Its EU customers are served under a
Lithuanian banking license granted in 2018.
Revolut, the London-based neobank with crypto services,
plans to invest more than €1 billion ($1.1 billion) in France and apply for a
French banking license. This was announced at the Choose France summit hosted
by President Macron in Paris. The firm intends to establish its EU headquarters
in Paris and hire at least 200 employees within three years.
From a retail perspective, Revolut aims to expand its
relationship with French customers by expanding product offerings and enhancing
user experience. The neobank sees strong demand for its crypto and trading
services in France, which has become its largest EU market. Revolut
representatives emphasized the importance of local banking authorization to
build trust and meet regulatory expectations, helping to support sustainable
growth.
Revolut Targets French Users, Seeks License
Currently, Revolut employs around 300 people in France and
serves 5 million customers, making France its largest EU market. The company
aims to grow its user base to 10 million by the end of next year and 20 million
by 2030, as Cointelegraph reported.
You may find it interesting at FinanceMagnates.com: Will
Revolut Target Its 5 Million-User Market in France With CFDs Next?
Revolut’s growth includes a $45 billion valuation and over
55 million global customers. Its 2024 revenue reached £3.1 billion ($4
billion), with over 10,000 employees worldwide. Revolut recently obtained a UK banking license and is
pursuing similar licenses across multiple countries, including a Prepaid
Payment Instruments license in India. Its EU customers are served under a
Lithuanian banking license granted in 2018.
This post is originally published on FINANCEMAGNATES.
