Macron backs Revolut’s $116M Paris expansion, 200 jobs

Revolut pledged $116 million (€100 million) and committed to hire 200 people in France by 2030, a plan President Emmanuel Macron endorsed Monday at the 2026 Choose France summit in Versailles.

The fintech said the funds will expand its Paris operations as it positions the city as its Western Europe hub for financial services.

The announcement builds on a larger 2025 commitment of $1.16 billion (€1 billion) to establish a regional headquarters in Paris. Revolut signed a 10-year lease on a refurbished building in the Bourse district that will host the Western Europe headquarters, scheduled to open in early 2027.

Revolut said the new funding and hires are intended to support its wider European banking expansion and product rollout. The company is pursuing a French banking licence from the Autorité de Contrôle Prudentiel et de Résolution, which would allow it to take deposits and expand local lending and credit products under French supervision.

The platform serves about 7 million customers in France and has set user targets of 10 million by the end of 2026 and 20 million by 2030.

Crypto services operating under Markets in Crypto-Assets (MiCA) licensing through a Cyprus-based entity were not affected by the announcement.

French officials reported $108 billion (€93 billion) in foreign investment commitments at the Choose France summit and more than 15,000 planned roles. The total included a $52 billion (€45 billion) pledge from SoftBank and additional investments directed mainly at data centres and artificial intelligence infrastructure.

Macron posted on X: “Revolut Chooses France. Following a historic investment in 2025, the group announces a €100 million expansion by 2030 and the creation of 200 jobs, reflecting a commitment to making France its European hub for financial innovation. Thank You!”

Regulatory approval from the ACPR will shape how quickly Revolut can expand retail banking activities in France. The timing of that approval and whether Revolut secures a licence before rival challenger banks deepen their presence in France remain open questions.

The planned 200 roles are expected to include positions in engineering, compliance and product teams to support banking and payments services.