London-based Revolut has received a full banking licence in France following a joint assessment by the ACPR, the French prudential regulator and the European Central Bank.
Revolut Bank S.A. will progressively begin serving customers across Europe, starting with France, with other European markets including Germany, Ireland, Italy, Portugal and Spain to follow in subsequent phases.
Revolut recently confirmed the 2027 opening of its new Western European HQ in Paris.
“This licence gives us the foundation to build the next generation of banking for more than 30 million customers across Western Europe,” says 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.”
Revolut’s Lithuanian entity, Revolut Bank UAB, remains a cornerstone of operations for the rest of the European Economic Area (EEA). This dual-hub model in Europe is designed to support Revolut’s scale across the continent, with both entities supervised by their local competent authority and the European Central Bank.
Last month, Revolut was granted approval to launch as a fully licensed bank in Australia in the latest expansion of the fintech’s global banking offering. The company secured a full Authorised Deposit-taking Institution (ADI) licence from the Australian Prudential Regulation Authority (APRA).
