Digital bank Revolut is making significant strides in its European growth strategy, marked by the establishment of a new Western Europe headquarters in Paris, a major recruitment drive, the appointment of an experienced CEO, and the launch of branded ATMs in Spain.
These developments underscore Revolut’s objective to deepen its presence in key markets, strengthen regulatory engagement, and deliver financial services across the region.
Earlier this year, Revolut announced the creation of its Western Europe headquarters in Paris, complementing its existing European base in Lithuania.
This dual-HQ model aims to enhance localized expertise and regulatory compliance while serving millions of customers across France, Ireland, Germany, Portugal, Spain, and Italy.
The Paris hub, backed by a €1 billion investment over three years, will serve as the cornerstone for Revolut’s banking operations in Western Europe.
The company is also pursuing a French banking license from the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the European Central Bank (ECB), a move that will bolster its ability to offer financial products, such as mortgages, mobile phone plans, and overdrafts, to meet customer needs.
Éric Lombard, French Minister of the Economy, Finance, and Industrial and Digital Sovereignty, hailed the decision as a testament to France’s attractiveness to international investors.
To lead this expansion, Revolut appointed Béatrice Cossa-Dumurgier as CEO of its Western Europe operations in June 2025.
Cossa-Dumurgier brings experience from her 15-year tenure at BNP Paribas, where she served as COO of the Retail Banking division and CEO of Personal Investors, as well as leadership roles at McKinsey, the French Ministry of Finance, BlaBlaCar, and Believe.
Her appointment signals Revolut’s commitment to blending traditional banking expertise with fintech solutions.
Tasked with securing the French banking license and overseeing regional growth, Cossa-Dumurgier will work closely with Sid Jajodia, Revolut’s Chief Banking Officer, who provides oversight from the global HQ in London.
Nik Storonsky, Revolut’s founder, emphasized her role in positioning Revolut as the go-to digital bank in France and other regions.
Supporting this expansion, Revolut launched a recruitment drive in July 2025 to fill over 400 new roles across Western Europe, with at least 200 based in France.
These positions span critical sectors such as compliance, risk management, cybersecurity, financial crime prevention, finance, legal, sales, and product operations.
Additionally, approximately 600 existing employees will transition to the French entity, with the Paris HQ expected to employ over 1,500 staff by 2029.
Cossa-Dumurgier highlighted Western Europe’s vast talent pool, noting that the recruitment drive aims to attract professionals eager to shape the future of banking.
This initiative builds on Revolut’s global workforce of 13,000 and its appeal as an employer, with over 1.6 million job applications received in 2024.
In a new move, Revolut introduced its first branded ATMs in Spain in June 2025, marking a significant step in bridging the digital-physical divide.
The initial 50 ATMs, launched in Madrid and Barcelona, feature a 32-inch touchscreen design, offering fee-free withdrawals, competitive foreign exchange rates, and card dispensing for Revolut customers.
With plans to expand to 200 ATMs across Spain, including Valencia and Málaga, and further deployments in Germany, Italy, and Portugal by 2026, these ATMs integrate features like facial recognition and mobile wallet compatibility.
This initiative caters to Spain’s cash-reliant economy, where over 60% of point-of-sale payments are cash-based, while enhancing convenience for Revolut’s nearly 5 million Spanish customers.
These developments reflect Revolut’s broader vision to enhance global financial services with products like AI assistants, business credit, and biometric payment solutions.
With a customer base that reportedly grew by over 10 million in 2024, Revolut is expected to improve banking in Western Europe, combining physical infrastructure, strategic leadership, and a talented workforce to deliver better financial services.