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Funding · Aug 10, 2026, 04:34 PM · 4 sources

Revolut secures French banking licence; dual-hub EU strategy unlocks lending products

<cite index="41-2,41-3">Revolut Bank S.A. received a full banking licence from France's ACPR and the ECB on August 10, 2026, marking a historic milestone as the fintech's second EU banking hub and reducing reliance on its sole Lithuanian entity</cite>. <cite index="41-2">The London-based neobank serves about 30 million customers across Western Europe, with close to 8 million joining in 2025 alone</cite>. <cite index="43-4">The licence unlocks the ability to lend—Revolut can now offer credit, deposits, mortgages, and regulated savings accounts, moving decisively past the payment-institution limits it had operated under in France</cite>.

<cite index="41-4,44-2">Revolut is deepening roots across Western Europe with €1B+ investment in the region, hiring 600+ people across Western European markets, and confirming a 2027 opening of its new Western European HQ in Paris</cite>. <cite index="43-4">The company has barely touched lending; it made most revenue from fees and trading rather than loans, so a licence that permits lending at scale is a chance to build the steadier, interest-based income that real banks rely on</cite>. <cite index="45-3">Revolut was most recently valued at $115 billion in a secondary share sale, up from $75 billion in a sale last year</cite>.

<cite index="43-5">Both Revolut Bank entities are supervised by the ECB, and the rollout of mortgages and savings products is expected to be gradual rather than immediate</cite>. <cite index="43-5">France will be the proving ground; the company plans to serve French customers first, migrating them before expanding to Germany, Italy, Spain, Portugal and Ireland</cite>. For fintech investors, the licence signals execution risk from an ECB that previously restricted product launches; for Revolut's path to 100M customers, lending products and a Paris anchor become critical to competing with incumbent banks across the continent.

Sources

Everything this brief rests on
  1. 01 Primary source sifted.eu
  2. 02 revolut.com revolut.com “Historic milestone in Revolut's European journey; 30M customers across Western Europe”
  3. 03 bloomberg.com bloomberg.com “Revolut secured French banking license from ACPR and ECB”
  4. 04 thenextweb.com thenextweb.com “Dual-hub structure reduces reliance on Lithuanian entity; lending now permitted”