The fintech’s French entity becomes its second full EU banking hub.
Revolut has received a full banking licence in France, giving the fintech giant a second European Union hub.
Revolut Bank SA (RBSA) was granted the licence following a joint assessment by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) – a part of France’s central bank – and the European Central Bank, with the decision formally adopted by the ECB Governing Council. The company, which claims more than 75m customers worldwide, said the move marks a “historic milestone” in its European journey.
The licence lands as Revolut deepens its roots across western Europe, its largest and fastest-growing region with about 30m customers, including close to 8m who joined in the past year. Ireland accounts for more than 3.4m of those customers.
Over the last year, the company has committed more than €1bn in regional investment, hired more than 600 people and confirmed a 2027 opening for its new western European HQ in Paris.
RBSA will progressively begin serving customers across Europe, starting with France, before Germany, Ireland, Italy, Portugal and Spain follow in later phases. Revolut’s Lithuanian entity, Revolut Bank UAB – which currently serves its Irish customers – remains the cornerstone of operations for the rest of the EEA under a dual-hub model, with both the SA and UAB bodies supervised by their local regulator and the ECB.
“This licence gives us the foundation to build the next generation of banking for more than 30m customers across western Europe,” said Nik Storonsky, founder and CEO of Revolut. “France has become a leading financial hub, supported by a dynamic financial ecosystem and a robust regulatory framework. It is the ideal platform to accelerate Revolut’s next phase of growth, bringing us one step closer to our ambition of becoming one of Europe’s largest and most trusted banks.”
Béatrice Cossa-Dumurgier, CEO for western Europe at Revolut, said: “This achievement reflects months of close collaboration with the ACPR and the European Central Bank, whose rigorous standards have helped us build the right foundations for long-term growth in the region. We are grateful for the constructive dialogue we’ve had throughout this process. Our focus now turns to execution.
“We’ll begin by serving customers in France before progressively expanding across western Europe, while accelerating the localisation of our products and services to better meet the needs of retail and business customers in each market.”
The French approval is the latest in a run of regulatory wins for Revolut this year. It finally secured its full UK banking licence in March after a five-year wait, applied for a US banking licence around the same time, and in July launched its first Asia-Pacific banking entity in Australia after receiving regulatory approval there.
Revolut now operates across 40 markets. The company reported its fifth consecutive year of profitability in March, with group revenues up 46pc in 2025 to $6bn, and is reportedly gearing up for a public listing around 2028 at a valuation of between $150bn and $200bn.
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