Revolut invests a billion for the new headquarters in Paris: 200 hires

Revolut expansion strategy does not stop. The Fintech founded by Nik Storonsky and Vlad Yatsenko has in fact presented the birth in Paris of a new headquarters to which all the activities of Western Europe will be headed: the operation is worth a billion spread in the next three years that will serve to take 200 people, create a bank with solid capital and ⁠⁠Sviluppuppuppo an operating and regulatory infrastructure. The announcement was made as part of the eighth edition of « Choose France », the economic summit wanted since 2018 by President Emmanuel Macron to promote French regions as a destination of foreign investments. According to the Finance Minister Eric Lombardier, the summit should lead to new agreements for a value of 20 billion euros and the widening of Revolut is among them.

The double location

«France is the largest market of revolut, With 5 million customers and the EU market faster growth (+1.6 million customers in 2024), and offers significant opportunities for expansion and innovation -explained Pierre Décoté, Group Chief Risk & Compliance Officer -: Paris is the natural choice to accelerate the growth of Revolut in Europe and beyond, thanks to its dynamic banking ecosystem, the solid regulatory framework and the growing importance as a hub financial « . Following this move, Fintech will soon require a French banking license thus bringing the headquarter to initially serve the operations in France and then gradually annexed those of Ireland, Germany, Portugal, Italy and Spain under its supervision. While the Lithuanian headquarters will continue to serve Revolut customers in the other markets of the Old Continent. The aim is clear: to achieve all 30 EU countries better.

Serve customers

« To create this vision, we are introducing an innovative double -seat operating model in the European Union. This strategic move will allow us to offer a wider range of products and services, all within one of the safer and most protective banking structures in the region, « said Antoine Le Nello, Chief Growth and Marketing Officer of Revolut. This bifurcation will allow the company to strengthen its presence in addition to local regulatory involvement and provide personalized proposals more effectively to its over 40 million European customers (more than 55 million total users). « Lithuania will remain a fundamental pillar of our European operations, with revolut bank that will continue to serve customers throughout Europe, under the supervision of the European Central Bank and the Banca di Lithuania (which recently fined revolut for violations and deficiencies in monitoring commercial relations and transactions, editor’s note.) », Added décoté.

Paris exults

In recent months Revolut – which has closed 2024 with a billion in profit – has introduced the POS and deposit accounts and the roadmap of this year to Italy includes mortgages, mobile telephony plans and account discovered.
« Revolut’s decision to establish its headquarter for Western Europe in Paris is excellent news and a clear reflection of the trust of international investors in the attractiveness of France. This decision, one of the major foreign investments in the financial sector in France of the last ten years, further strengthens the Paris position As the main financial center in Europe, « Minister Éric Lombard greeted the investment.