Revolut has secured a regulatory milestone for its French subsidiary, Revolut Bank S.A., by obtaining authorization to operate as a bank. The approval followed a review conducted by France’s Autorité de Contrôle Prudentiel et de Résolution and the European Central Bank.
The Fintech already counts roughly 30 million users throughout Western Europe, nearly eight million of whom signed up during 2025. The new French license supports Revolut’s standing among the region’s leading retail banking institutions. Revolut reports over 75 million customers worldwide. Western Europe is Revolut’s biggest and most rapidly expanding market.
At the same time, its established Lithuanian operation, Revolut Bank UAB, continues to anchor activities across the rest of the European Economic Area.
Both entities now operate under a dual-hub framework supervised by the European Central Bank and their respective national authorities, a structure deliberately designed to accommodate further growth.
The group has pledged investments exceeding one billion euros in the region, plans to recruit over 600 additional staff, and has confirmed that its new Western European headquarters will open in Paris in 2027.
Leadership of the French entity includes Frédéric Oudéa as board chair and Béatrice Cossa-Dumurgier as chief executive for Western Europe.
Revolut Bank S.A. is expected to roll out services gradually, beginning with customers in France before extending to Germany, Ireland, Italy, Portugal and Spain in later stages.
Founder and chief executive Nik Storonsky described the license as the foundation for delivering next-generation banking to more than 30 million Western European customers.
He highlighted France’s emergence as a prominent financial center with a vibrant ecosystem and strong regulatory environment, positioning it as the ideal base for the firm’s next growth phase and bringing it nearer its goal of ranking among Europe’s largest and most trusted banks.
Oudéa, chair of the Western Europe board, called the approval a pivotal step in Revolut’s development as a banking group.
