Revolut secures French banking licence
Analysis based on 29 articles · First reported Aug 10, 2026 · Last updated Aug 10, 2026
The French banking licence strengthens Revolut's competitive position in the European Union — European banking market, potentially increasing pressure on traditional banks and boosting its valuation. It enables Revolut to expand its lending and savings products, which could diversify its revenue streams and enhance its growth prospects, positively impacting its private-market valuation and investor sentiment.
Revolut, the London-based digital bank, has secured a full banking licence in France, granted jointly by the European Union — European Central Bank and France's Autorité de Contrôle Prudentiel et de Résolution. This creates Revolut Bank S.A., its second banking entity in the European Union, alongside its existing Lithuanian subsidiary. The licence allows Revolut to offer locally regulated products such as loans, mortgages, and regulated savings accounts in France and, progressively, in Germany, Republic of Ireland, Italy, Portugal, and Spain. The company plans to make Paris its Western European Union — Europe headquarters, with a new office scheduled to open in 2027. Revolut has committed over €1 billion to its French operations and plans to hire more than 600 staff in the region. The move follows Revolut's UK banking licence in March 2026 and its Australian banking licence in July 2026. The company reported strong 2025 results, with revenue of $6 billion and net profit of $1.7 billion, and its valuation reached $115 billion in a secondary share sale in July 2026. The licence is a significant step in Revolut's expansion across European Union — Europe, positioning it to compete directly with traditional banks and their digital arms, such as Société Générale's Société Générale — BoursoBank.
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