- Revolut Bank S.A. (RBSA) has been granted a full banking licence, following a joint assessment by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the European Central Bank (ECB), with the decision formally adopted by the ECB Governing Council, marking an historic milestone in Revolut’s European journey.
- Revolut already serves about 30M customers across Western Europe, with close to 8 million joining in 2025 alone. The French banking licence strengthens the group’s position as one of Europe’s largest retail banks.
- Revolut’s Lithuanian entity, Revolut Bank UAB, remains a cornerstone of the group’s operations, with both entities supervised by the European Central Bank in a dual-hub model built for scale.
Monday 10 August 2026, London – Revolut, the global fintech with over 75 million customers globally, today announced that Revolut Bank S.A. (RBSA) has received a full banking licence, following a joint assessment by the ACPR, the French prudential regulator, and the European Central Bank, with the decision adopted by the ECB Governing Council.
The licence comes as Revolut deepens its roots across Western Europe. Over the last year, the company has committed to investing over €1B+ in the region, is hiring more than 600 people across its Western European markets, and has confirmed the 2027 opening of its new Western European HQ in Paris, where it operates under a senior leadership team including Frédéric Oudéa, Chair of RBSA’s Board, and Béatrice Cossa-Dumurgier, CEO Western Europe.
Western Europe is Revolut’s largest and fastest-growing region, with about 30 million customers, including close to 8 million who joined over the past year alone. The region is also home to one of Europe’s fastest-growing business banking platforms, with Revolut Business serving hundreds of thousands of companies, from freelancers to large enterprises, across the continent. The French licence cements the foundation for Revolut to serve this base at the highest regulatory and operational standard, while accelerating its ambition to become Europe’s largest and most trusted bank – built on local relevance, regulatory trust, and continuous product innovation.
Operationalisation and next steps
Revolut Bank S.A. will progressively begin serving customers across Europe, starting with France, with other European markets including Germany, Ireland, Italy, Portugal and Spain to follow in subsequent phases.
Revolut’s Lithuanian entity, Revolut Bank UAB, remains a cornerstone of operations for the rest of EEA. This dual-hub model in Europe is designed to support Revolut’s scale across the continent with both entities supervised by their local competent authority and the European Central Bank.
The new structure will enable Revolut to accelerate the localisation of its products while deepening banking relationships through closer proximity to customers, talent, and local ecosystems.
European foundations, global ambitions
By combining tech-driven agility with robust banking standards, Revolut demonstrates how modern institutions can drive international growth. With banking licences on both sides of the Atlantic and a footprint spanning 40 markets, Revolut is building the blueprint for what a truly global banking champion – born in Europe – looks like.
Nik Storonsky, Founder and CEO of Revolut, commented: “This licence gives us the foundation to build the next generation of banking for more than 30 million customers across Western Europe. France has become a leading financial hub, supported by a dynamic financial ecosystem and a robust regulatory framework. It is the ideal platform to accelerate Revolut’s next phase of growth – bringing us one step closer to our ambition of becoming one of Europe’s largest and most trusted banks.”
Frédéric Oudéa, Chairman of the Board of Directors of Revolut Western Europe, said: “Receiving this licence is a significant milestone in Revolut’s evolution as a banking group. It reflects our long-term commitment to building a bank that meets the highest governance, regulatory and compliance standards, and the constructive engagement we’ve built with the French and European authorities. These foundations will support us as we continue to build trust with customers, regulators and partners across the region.”
See also:
Revolut Files U.S. Bank Charter Application, Names New U.S. CEO
