London based neobank giant Revolut, fresh off reporting strong results for 2024, has announced that the company has chosen Paris as its new Western Europe headquarters. The company said that this will allow it to better serve its growing markets in France, Ireland, Germany, Spain, Portugal, and Italy.

The company’s dual-hub model will continue to see Lithuania as Revolut’s key base for Eastern Europe.

Revolut said that it is backing this new commitment with:

• An investment of over €1 billion in France over the next three years — the largest investment in the French financial sector in a decade.
• The creation of over 200 jobs
• A French banking license application

Revolut Chief Growth and Marketing Officer, Antoine Le Nel, explained the company’s plans in more detail in a social media post.

𝗥𝗲𝘃𝗼𝗹𝘂𝘁 𝗶𝘀 𝗱𝗼𝘂𝗯𝗹𝗶𝗻𝗴 𝗱𝗼𝘄𝗻 𝗼𝗻 𝗘𝘂𝗿𝗼𝗽𝗲

Today Revolut is announcing that we’re setting up our Western European headquarters in Paris and applying for a French banking licence. This marks a major step forwards in our mission to build the most innovative and customer-centric bank in the region.

This new HQ will oversee our operations not only in France, but also in Spain, Italy, Portugal, Ireland, and Germany, strengthening our footprint in Western and Southern Europe.

Why France?

🇫🇷  It’s our fastest-growing EU market, with over 5 million customers
📈  +1.6 million new users in 2024 alone
🏦 A thriving financial ecosystem and strong regulatory environment

Our dual-hub model, with Lithuania continuing as our key base for Eastern Europe, allows us to scale faster, deepen regulatory cooperation, and bring better, more locally aligned financial services to millions of customers across the European Economic Area.

Our intention is clear: to become Europe’s leading banking group, combining innovation, resilience, and reach.

From Paris, with ambition. 🇪🇺