Revolut plans plan to expand the French $ 1.1 billion

By Elizabeth HowCroft by HowCroft

Paris (Reuters) – Plans to invest 1 billion euros ($ 1.1 billion) in Briture on Monday and will soon apply for the French banking license.

As part of the investment summit of French President Emmanuel Macron, which is held by French President Emmanuel Macron in the Palace of Versoles near Paris, it will open a new office in Paris in Western Europe and will create at least 200 new jobs in France.

Revolut, the largest number of European financial services in the last decade, there are no more than 55 million customers, but there are no physical branches. After the expectation of three years, he won a banking license in England in 2024.

Revolut has about 300 employees in France.

The company said Lithuania will still be a “main base” for Lithuania’s growth in Europe.

Revolut has already been a Lithuanian banking license that the European Union can use as a passport and allows French customers to sell products. A spokesman for Revolut, the presence of a second banking license in the block, it will allow the regulators to establish a closer relationship and more suitable services offers in France.

This year, the 20 billion euro investment security is expected in 20 billion euros, the Macron’s office has announced projects in protection, energy and industrial sectors on Monday.

($ 1 = 0.8941 euro)

(Elizabeth HOWCROFT report in Paris; regulation by Mrigank Dhaniwala and David Evans)