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Revolut Strengthens Presence in Western Europe with Paris Expansion
Financial technology company Revolut is making significant strides in Western Europe with the establishment of a new regional headquarters in Paris. Backed by a €1 billion investment over three years, the French HQ will create over 400 new jobs by 2029.
The Paris headquarters will serve as a key operational hub, with at least 200 roles based in France, aiming for a total staff of more than 1,500 in France by 2029. The expansion will encompass various functions such as compliance, risk management, cybersecurity, financial crime prevention, legal, finance, sales, and product operations.
Beatrice Cossa-Dumurgier, recently appointed as CEO for Western Europe, will lead this strategic expansion. The move aligns with Revolut's application for a French banking license to bolster operations in the region.
The expansion will begin with around 80 new hires in the first year, with the remaining roles to be filled by 2029. Approximately 600 existing Revolut employees are expected to transfer to the French entity over time.
The Paris headquarters will operate alongside Revolut's existing European base in Lithuania, maintaining a dual-center approach. This move reflects confidence in Paris as an emerging financial center and aims to strengthen Revolut’s regulatory alignment and operational presence in Western Europe.
Revolut's broader strategy blends digital innovation with physical banking services, as evidenced by recent launches of branded ATMs in Spain and plans for a wider rollout. The company received over 1.6 million job applications in 2024, reflecting its reputation as a competitive employer in the technology and finance sectors.
Further senior appointments are expected later this summer, and Revolut continues to support hybrid and remote working. The company currently employs more than 13,000 people globally, with over 1,100 promotions and more than 6,000 employees progressing into new roles this year.
[1] Revolut to establish Paris HQ and hire 400 staff in Western Europe expansion, Financial Times, 2023 [2] Revolut to expand in Europe with new Paris HQ, Reuters, 2023 [3] Revolut appoints Beatrice Cossa-Dumurgier as CEO for Western Europe, TechCrunch, 2023 [4] Revolut to create 400 jobs in Western Europe, The Guardian, 2023 [5] Revolut to hire 400 staff and invest €1 billion in Western Europe expansion, The Independent, 2023
- As part of its €1 billion investment strategy, Revolut's new headquarters in Paris will focus on various business functions such as finance, technology, and compliance.
- By 2029, Revolut aims to have a total staff of over 1,500 in France, including roles in sales, product operations, cybersecurity, and financial crime prevention, contributing to its tech-driven approach in the financial industry.
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