6 days ago
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Revolut just picked up the keys to one of Europe’s most important banking markets. The fintech company’s French entity, Revolut Bank SA, has received a full banking license jointly approved by France’s Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the European Central Bank, with the ECB Governing Council formalizing the decision.
France becomes Revolut’s second full EU banking hub, following Lithuania.
A dual-hub strategy across six countries
The French license isn’t just about serving the French market. It’s the foundation for a dual-hub model that will let Revolut gradually expand into Germany, Ireland, Italy, Portugal, and Spain. The Lithuanian entity will continue managing operations across other European Economic Area markets.
The French license enables Revolut to offer products that require full banking authorization, including lending and regulated savings accounts for both retail and business customers.
The numbers behind the push
Revolut has committed more than €1 billion to its Western Europe expansion over the past year. Revolut has added nearly 8 million new customers in Western Europe over the past year, bringing its total customer base in the region to approximately 30 million. Western Europe is now the company’s largest and fastest-growing market.
CEO Nik Storonsky described the license as a historic milestone, framing it as part of Revolut’s ambition to become one of Europe’s largest and most trusted banks. The company plans to open its Western European headquarters in Paris by early 2027.
A regulatory winning streak
The French approval arrives just months after Revolut secured its full UK banking license in March 2026. That UK license had been the subject of a prolonged and occasionally public regulatory process that stretched over several years.
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