Revolut Invests €1.1 Billion in French Banking Expansion, Aims for European Leadership

Financial technology giant Revolut is poised for significant expansion into Europe’s mainstream banking sector with a €1.1 billion investment in France. This bold move comes as the company seeks to solidify its position as the continent’s largest banking group. The investment will fund Revolut’s ambitious goals over the next three years, establishing Paris as its European headquarters and enabling it to secure a full French banking license. This expansion marks a strategic shift for Revolut, moving away from its past focus on digital financial services like money transfers and towards traditional banking offerings.