Revolut has been granted a French banking licence by joint assessment of French regulators and the European Central Bank, part of its €1 billion+ investment in Western European expansion. The fintech will open its Western Europe headquarters in Paris in early 2027, occupying 2,417 square meters of office space across six floors under a 10-year lease signed in April.
The French licence allows Revolut to offer a wider range of loans, mortgages, and savings products to customers. The company is hiring 600+ employees across Western European markets. The fintech previously held a European banking licence from Lithuania (2018), supervised jointly with the ECB; the new French entity operates under a dual-hub model with the Lithuanian entity serving the broader EEA.
The move comes after ECB restrictions placed in 2025 on Revolut's broader European business due to concerns about product-approval process deficiencies. Revolut CEO Nik Storonsky positioned the French expansion as pivotal to becoming one of Europe's largest and most trusted banks. Germany, Ireland, Italy, Portugal, and Spain will follow with French regulatory coverage expanding.