Revolut announced that Revolut Bank S.A. (RBSA) has received a full banking licence, following a joint assessment by the ACPR, the French prudential regulator, and the European Central Bank, with the decision adopted by the ECB Governing Council.
Revolut said its Lithuanian entity, Revolut Bank UAB, remains a cornerstone of the group’s operations, with both entities supervised by the European Central Bank in a dual-hub model built for scale.
“The licence comes as Revolut deepens its roots across Western Europe,” said Revolut.
“Over the last year, the company has committed to investing over €1B+ in the region, is hiring more than 600 people across its Western European markets, and has confirmed the 2027 opening of its new Western European HQ in Paris, where it operates under a senior leadership team including Frédéric Oudéa, Chair of RBSA’s Board, and Béatrice Cossa-Dumurgier, CEO Western Europe.
“Western Europe is Revolut’s largest and fastest-growing region, with about 30 million customers, including close to 8 million who joined over the past year alone.
“The region is also home to one of Europe’s fastest-growing business banking platforms, with Revolut Business serving hundreds of thousands of companies, from freelancers to large enterprises, across the continent.
“The French licence cements the foundation for Revolut to serve this base at the highest regulatory and operational standard, while accelerating its ambition to become Europe’s largest and most trusted bank – built on local relevance, regulatory trust, and continuous product innovation.”
Nik Storonsky, Founder and CEO of Revolut, said: “This licence gives us the foundation to build the next generation of banking for more than 30 million customers across Western Europe.
“France has become a leading financial hub, supported by a dynamic financial ecosystem and a robust regulatory framework. It is the ideal platform to accelerate Revolut’s next phase of growth – bringing us one step closer to our ambition of becoming one of Europe’s largest and most trusted banks.”
Frédéric Oudéa, Chairman of the Board of Directors of Revolut Western Europe, said: “Receiving this licence is a significant milestone in Revolut’s evolution as a banking group. It reflects our long-term commitment to building a bank that meets the highest governance, regulatory and compliance standards, and the constructive engagement we’ve built with the French and European authorities.
“These foundations will support us as we continue to build trust with customers, regulators and partners across the region.”
Béatrice Cossa-Dumurgier, CEO Western Europe at Revolut, said: “This achievement reflects months of close collaboration with the ACPR and the European Central Bank, whose rigorous standards have helped us build the right foundations for long-term growth in the region.
“We are grateful for the constructive dialogue we’ve had throughout this process. Our focus now turns to execution. We’ll begin by serving customers in France before progressively expanding across Western Europe, while accelerating the localisation of our products and services to better meet the needs of retail and business customers in each market. This is the beginning of a new chapter for Revolut.”