Global fintech Revolut has unveiled a new Western Europe HQ in Paris, aligned with its application for a French banking licence to support regional growth.
The firm made the announcement as part of today’s Choose France Summit, and as part of its expansion, the company is set to invest more than €1bn (£842m) in the region over the next three years.
This investment would create over 200 jobs and would mark the largest foreign investment in the French financial sector in over a decade.
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.
Their dual-HQ model for the EEA hopes to allow Revolut to deepen its presence in key markets, strengthen local regulatory engagement, and provide tailored regional services.
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.
Éric Lombard, French Minister of the Economy, Finance, and Industrial and Digital Sovereignty, said: “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.”
Revolut is looking to launch a suite of products this year, including mortgages, mobile phone plans and overdrafts.
Sid Jajodia, Revolut’s chief banking officer, said this expansion 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,” he said.
“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.”
Read more: Revolut reports record profit in 2024
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