Revolut plans $1.1 billion French expansion, will apply for banking licence
PARIS (Reuters) -British finance company Revolut said on Monday it plans to invest 1 billion euros ($1.1 billion) over the next three years on expanding in France and will soon apply for a French banking licence. In an announcement as part of the "Choose France" investment summit, hosted by French President Emmanuel Macron at Versailles Palace near Paris, Revolut said it would open a new office in Paris for its operations in Western Europe and create at least 200 new jobs in France. Revolut is the biggest of a number of European financial services apps founded in the past decade, with more than 55 million customers but no physical branches.
Reuters
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2 hours ago
