Revolut, a UK-based financial technology company, has announced its intentions to expand banking services in Europe, beginning with France.
Investment in France
Revolut has announced plans to invest €1.1 billion to establish its Western European headquarters in Paris. These investments will allow the company to apply for a banking license in France.
Strategy and Expansion Plans
The company aims to double its customer base in France to 10 million by the end of 2026 and reach 20 million by 2030. Revolut also plans to hire over 200 employees in areas such as compliance, engineering, and customer support.
Revolut's Global Ambitions
In addition to expanding in Europe, Revolut intends to start operations in Mexico and is actively working to secure ten new banking licenses in high-growth markets such as Brazil and India.
Revolut signals its ambitions to become a leading bank in Europe by making significant investments and expanding its presence in international markets.
