Online bank Revolut said today it plans to invest €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.
It gained a banking licence in Britain in 2024, after a three-year wait.
Revolut already has around 300 employees in France.
The company said that Lithuania would still be a "key base" for Revolut's growth in Europe.
The Choose France summit should bring in more than €20 billion worth of investments, Macron said in an interview published by the Ouest-France newspaper on Friday.
