Revolut secures full banking licence in France

Revolut banking licence fintech Western Europe ACPR

Revolut has secured a full banking licence in France following a joint assessment by the French prudential regulator, ACPR, and the European Central Bank (ECB). This milestone allows the fintech company to operate through its new French entity, Revolut Bank S.A., marking a shift toward a dual-hub model in Europe alongside its existing Lithuanian entity, Revolut Bank UAB.

Under this new structure, Revolut will progressively migrate customers from its Lithuanian entity to the French entity, starting with the French market before expanding to Germany, Ireland, Italy, Portugal, and Spain. This expansion is designed to support the company's growth in Western Europe, a region that currently accounts for approximately 30 million of its 75 million global customers.

To support this expansion, Revolut has committed to investing over €1 billion in Western Europe and plans to hire more than 600 employees across the region. The company also confirmed it will open a new Western European headquarters in Paris in 2027. The French licence enables the offering of localized products, such as mortgages and regulated savings accounts, which were previously unavailable through its Lithuanian license.

Entities

ACPR · Autorité de Contrôle Prudentiel et de Résolution · Béatrice Cossa-Dumurgier · European Central Bank · Frédéric Oudéa · Nik Storonsky · Paris · Revolut · Revolut Bank S.A.

Claims

What the coverage asserts, and how many sources carry each claim.

[● 25 SOURCES] The ECB Governing Council formally adopted the decision to grant the licence following a joint assessment by the ACPR and the ECB. fxnewsgroup.com · www.trendingtopics.eu · www.siliconrepublic.com · www.uktech.news · www.businessdaily.gr · +20 more
[● 11 SOURCES] Revolut has hired more than 600 people across its Western European markets. fxnewsgroup.com · www.trendingtopics.eu · www.siliconrepublic.com · www.businessdaily.gr · www.farodevigo.es · +6 more
[● 22 SOURCES] The company will implement a dual-hub model using the French entity and its existing Lithuanian entity, Revolut Bank UAB. fxnewsgroup.com · www.trendingtopics.eu · www.siliconrepublic.com · www.uktech.news · www.abcbourse.com · +17 more
[● 27 SOURCES] Revolut Bank S.A. (RBSA) has received a full banking licence in France. fxnewsgroup.com · www.trendingtopics.eu · www.siliconrepublic.com · www.uktech.news · www.abcbourse.com · +21 more
[● 22 SOURCES] Western Europe accounts for approximately 30 million of Revolut's 75 million customers. fxnewsgroup.com · www.trendingtopics.eu · www.siliconrepublic.com · www.uktech.news · www.infomagazine.ma · +17 more
[● 20 SOURCES] The company plans to open a new Western European headquarters in Paris in 2027. fxnewsgroup.com · www.trendingtopics.eu · www.siliconrepublic.com · www.uktech.news · www.infomagazine.ma · +15 more
[● 19 SOURCES] Revolut has committed to investing more than €1 billion in Western Europe. fxnewsgroup.com · www.trendingtopics.eu · www.siliconrepublic.com · www.infomagazine.ma · www.abcbourse.com · +14 more
[● 23 SOURCES] Customer migration will begin in France and later expand to Germany, Ireland, Italy, Portugal, and Spain. fxnewsgroup.com · www.trendingtopics.eu · www.siliconrepublic.com · www.uktech.news · www.abcbourse.com · +18 more