Revolut, a prominent European neobank supporting crypto, is set to significantly expand its presence in the European Union with a planned investment of over €1 billion in France. The company also aims to establish its new EU headquarters in Paris, reinforcing its commitment to the region.
Announced at the Choose France business summit in Paris on May 19, 2025, Revolut's initiative includes investing €1 billion and creating at least 200 new jobs within three years. This move underscores Revolut's ambition to become a leading banking group in Europe, leveraging Paris's dynamic banking ecosystem and strong regulatory framework.
Revolut is in the process of applying for a banking license from the French banking regulator, the Prudential Supervision and Resolution Authority. This license will enable Revolut to better tailor its offerings to local markets and enhance regulatory cooperation. As of May 2025, Revolut serves over 55 million customers and is valued at $45 billion. The company's revenue for 2024 was $4 billion, with 10,133 employees as of December 31, 2024.
Revolut obtained a Prepaid Payment Instruments license from India's central bank in April 2025, further expanding its global reach. EU-based Revolut customers currently utilize its Lithuania operations, where it secured a banking license at the end of 2018. The new Paris HQ will oversee Revolut's operations in France, Spain, Italy, Portugal, Ireland and Germany.