Revolut Secures Full French Banking Licence
- On Monday, Revolut received a full French banking license, its second hub inside the European Union, following joint assessment by the ACPR and the European Central Bank.
- With operations across 40 markets, the license provides foundation for Nik Storonsky, founder and CEO of Revolut, to build next-generation banking for more than 30 million customers across Western Europe.
- RBSA will progressively serve France before expanding to Germany, Ireland, Italy, Portugal, and Spain, while Revolut Bank UAB remains the operational cornerstone for the rest of the EEA.
- The French approval is the latest regulatory win following a March UK license and July Australian launch. "This achievement reflects months of close collaboration," said Cossa-Dumurgier, CEO of Western Europe at Revolut.
- Following five consecutive years of profitability, Revolut is gearing up for a public listing around 2028 at a valuation between $150bn and $200bn, supported by more than €1bn in regional investment over the past year.
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The British neobank, which has just obtained a French license, will install "its center of operations in Western Europe" close to the Stock Exchange.
With the approval of the ECB and the French regulator, the Revolut reinforces the European bet: it invests more than EUR 1 billion on the continent and opens its headquarters in Paris in 2027.
With more than eight million customers, Revolut has just obtained a bank license in France. It is now authorized to grant loans and offer savings products.
The British online bank Revolut has obtained a second European license in France. The bank already held a license in Lithuania, but stated that it needed a second license to continue growing. Revolut's new European headquarters is scheduled to open its doors in Paris in 2027.
The British financial service provider Revolut is considered one of the most valuable neobanks in the world. With a new banking license, the company wants to continue to launch.
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