💥Revolut Makes a Strong Bet on France🇫🇷: Investment of 1.1 Billion Dollars and Banking License in Sight.

The British fintech Revolut has announced an investment of over 1.1 billion dollars in France over the next three years, aiming to obtain a local banking license.

This strategic move, revealed at the Choose France business summit in Paris, underscores Revolut's ambition to consolidate its presence in its fastest-growing European Union market.

With plans to establish its new Western Europe headquarters in Paris, Revolut is committed to creating at least 200 new jobs. Currently, the company has 5 million users and 300 employees in France, and aims to reach 10 million users by 2026 and 20 million by 2030.

This expansion includes offering loans, cryptocurrency services, and investment products to its French customers. Revolut's decision to seek a French banking license, in addition to the one it already holds in Lithuania, will allow for greater regulatory cooperation and the adaptation of services to local needs. This strategic step positions Revolut for continued growth in the competitive European financial market.