Revolut picks Paris for Western Europe HQ, plans €1bn France investment

By Gloria Methri

Revolut has announced that it will set up its new Western Europe headquarters in Paris. The move, revealed during the Choose France Summit, comes as the company prepares to apply for a French banking licence and invest over €1 billion in France over the next three years. It marks the most significant foreign investment in France’s financial sector in more than a decade.

As one of Europe’s fastest-growing banks, Revolut currently serves customers across all 30 European Economic Area (EEA) countries. The firm now aims to surpass 100 million customers globally, reinforcing its ambitions to become a major international banking group.

To support its continued expansion, Revolut has been setting up local branches since 2021, beginning with France, and followed by Spain, Ireland, the Netherlands, Germany, Romania, and Italy. Additional branches are expected in the coming months.

The Paris headquarters will complement Revolut’s existing EEA base in Lithuania and serve as a hub for Western European operations. It will initially cover France and later extend to Ireland, Germany, Portugal, Spain, and Italy. The Lithuanian office will continue to support customers in other European markets.

Sid Jajodia, Revolut’s Chief Banking Officer, said, “Establishing our Western Europe HQ in Paris and applying for a French banking licence positions us closer to our largest and fastest-growing customer base. France’s dynamic banking ecosystem, robust regulatory environment, and strategic position as a financial hub provide the ideal foundation to accelerate our growth and deepen customer relationships. This move complements our existing bank in Lithuania, which remains a vital pillar supporting Revolut’s continued pan-European expansion, as well as our global HQ in London.”

Revolut’s dual-headquarters approach is intended to deepen regulatory engagement and enable the delivery of tailored services across different European markets. As part of its 2025 roadmap, the firm plans to roll out a range of new products, including mortgages, mobile phone plans, and overdrafts, to broaden its service offering in Europe.

Antoine Le Nel, Chief Growth and Marketing Officer, noted, “Our ambition is clear: we want to become the largest banking group in Europe, revolutionising banking and offering cutting-edge financial services to customers across all 30 EEA countries. To bring this vision to life, we are introducing an innovative dual-HQ operating model in the EU. This strategic move will enable us to offer an extended range of products and services, all within one of the most secure and protective banking structures established in the region.”

A new team of industry professionals will staff the Paris HQ, and recruitment is already underway for at least 200 roles in France.