FinTech giant Revolut has unveiled a new Western Europe HQ in Paris as it plans to file for a banking license in France.
The London-based company made the announcement as part of the Choose France Summit and just days after its CEO and founder, Nik Storonsky, posted a video on social media with the caption: “Coming soon… 19.05.2025. Revolut.”
The firm is poised to invest more than €1bn (£842m) in the region over the next three years, creating over 200 jobs and marking the biggest foreign investment in the French financial sector for more than 10 years.
The news comes under a month after Revolut revealed its 2024 results, which showed that the business made record growth with an eye-watering £1.1bn in profit.
“Today we are announcing an important novelty: the new HQ Revolut for Western Europe in Paris and our plans for the French banking license,” said Nicola Vicino, general manager, Italy, Revolut.
“This is a crucial step in Revolut’s continued growth in Europe. In detail: New Western European headquarters in Paris. This year, Revolut will apply for a French banking license.
“Revolut’s Western Europe headquarters will initially manage operations in France, with branches in Italy, Spain, Portugal, Ireland and Germany.
“Revolut will invest more than €1bn in France over the next three years, with the aim of creating more than 200 jobs.
“Revolut’s activities in Lithuania remain central to its strategy and no impact on operations in Italy is currently expected.”
Éric Lombard, French Minister of the Economy, Finance, and Industrial and Digital Sovereignty, added: “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.”