Revolut, the global fintech giant with over 75 million customers, has announced that Revolut Bank S.A. (RBSA) has been granted a full banking license. The license was approved by the European Central Bank (ECB) Board following a joint assessment with the French supervisory authority (ACPR).
Strategic Expansion in Western Europe
This milestone comes as Revolut solidifies its presence in Western Europe, its fastest-growing region with approximately 30 million customers—8 million of whom joined in the last year alone. The company has committed to investing over €1 billion in the region and is currently hiring more than 600 employees. Furthermore, Revolut confirmed that its new Western European headquarters will open in Paris in 2027.
The Dual-Hub Operational Model
To support its continental expansion, Revolut is implementing a dual-hub structure:
- Revolut Bank S.A.: Based in France, it will gradually serve customers across Western Europe, starting with France and followed by Germany, Ireland, Italy, Portugal, and Spain.
- Revolut Bank UAB: The Lithuanian entity remains the cornerstone for operations across the rest of the European Economic Area (EEA).
Founder and CEO Nik Storonsky highlighted that France's status as a leading financial hub with a robust regulatory framework makes it the ideal platform for this next phase of growth. The new structure is designed to allow for deeper local product customization and stronger regulatory alignment.
"This license gives us the foundations to develop the next generation of banking services... bringing us one step closer to our goal of becoming one of Europe's largest and most trusted banks," said Nik Storonsky.
