According to a joint assessment by ACPR, the French Prudential Supervision and Resolution Authority, and the European Central Bank, with the final decision adopted by the ECB Governing Council, Revolut Bank S.A. has secured a full banking license. The announcement by the global fintech firm, which serves more than 75 million customers worldwide, arrives as the company commits over 1 billion euros to accelerate its presence in Western Europe.
Expansion and Structural Evolution in Western Europe
Western Europe functions as Revolut’s largest and fastest-growing region, encompassing roughly 30 million clients. Nearly 8 million of those users joined over the course of the past year alone. To support this growth, the firm is hiring more than 600 people across Western European markets and plans to open a new regional headquarters in Paris in 2027. According to Revolut, the Paris office operates under a senior leadership team featuring RBSA Board Chair Frederiks Udea and Western Europe CEO Beatrise Kosa-Dumurgjē.
Revolut Business, which operates as one of the fastest-growing business banking platforms in Europe, serves hundreds of thousands of enterprises ranging from sole proprietors to large corporations throughout the continent. The newly acquired French license establishes a regulatory foundation designed to help the company serve this client base under local compliance frameworks.
Did you know? Revolut serves approximately 30 million clients in Western Europe alone, making it the company’s largest and fastest-growing regional market.
Rollout Strategy Across European Markets
Revolut Bank S.A. will roll out its services gradually across Europe, beginning in France. Subsequent phases will introduce the banking offerings to additional markets, including Germany, Ireland, Italy, Portugal, and Spain, according to company disclosures.
Meanwhile, the company’s Lithuanian entity, Revolut Bank UAB, remains an operational cornerstone within the European Economic Area. This dual-hub model utilizes both regulatory entities to support cross-border operations. Revolut Bank UAB CEO Kubs Fasts stated that the transition to an ECB-monitored two-tier structure represents a major step forward for European expansion, while confirming that growth plans, product offerings, and staffing in Lithuania and the broader European Union outside Western Europe remain unchanged.
Leadership Perspectives on the Regulatory Milestone
Revolut founder and CEO Nik Storonsky noted that the license provides a foundation for building next-generation financial services for more than 30 million clients across Western Europe. Storonsky pointed to France as a leading financial center supported by a dynamic ecosystem and a stable regulatory environment.
Frederiks Udea, chair of the Revolut Western Europe board of directors, described the license as a significant milestone for the banking group. Udea stated that the approval reflects long-term commitments to governance and compliance standards, alongside constructive cooperation with French and European authorities.
Frequently Asked Questions
Where will Revolut Bank S.A. launch first?
Revolut Bank S.A. will begin rolling out services in France, followed by subsequent launches in Germany, Ireland, Italy, Portugal, and Spain.
What happens to Revolut Bank UAB in Lithuania?
Revolut Bank UAB remains an operational cornerstone within the European Economic Area, and company executives confirmed that its operations, staffing, and expansion plans in Lithuania and the wider EU will remain unaffected.
Who leads the Western European operations?
The Western European operations are led by a senior team including RBSA Board Chair Frederiks Udea and Western Europe CEO Beatrise Kosa-Dumurgjē.
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