PANews reported on May 19th that according to Techinasia, the British financial services company Revolut plans to invest 1 billion euros (approximately 1.1 billion dollars) in France over the next three years and will apply for a French banking license. This information was announced at the "Choose France" summit held at the Palace of Versailles. As part of the plan, Revolut will open an office in Paris to manage its Western European operations. This expansion is expected to create 200 new jobs in France, and the company already has 300 employees in the country. Additionally, the company stated that Lithuania will remain an important center for its European business.
Previously, in April, Revolut's profits doubled to 1.3 billion dollars in 2024, thanks to user growth and the recovery of cryptocurrency trading.
