Particle.news

Download on the App Store

Revolut Establishes Western Europe HQ in Paris with €1 Billion Investment

The fintech giant will create 200 jobs, apply for a French banking licence, and maintain its global base in London as it expands its European footprint.

Revolut logo is seen in this illustration taken July 29, 2024. REUTERS/Dado Ruvic/Illustration/ File Photo
Image
Revolut bank’s chief executive Nikolay Storonsky
Image

Overview

  • Revolut has announced Paris as the location for its Western Europe headquarters, investing over €1 billion in France over the next three years.
  • The move includes the creation of 200 new jobs and represents the largest investment in the French financial sector in a decade.
  • The company has formally applied for a French banking licence to expand its operations and better serve its growing European customer base.
  • Revolut will retain its global headquarters in London while continuing to grow its operations in the UK and other markets.
  • The announcement was made during President Emmanuel Macron’s 'Choose France' investment summit, highlighting France's appeal as a financial hub.