Revolut announces a €1 billion investment to enter the French market.

Gate News bot message, Bloomberg reports that fintech company Revolut has announced a large-scale business expansion in France. The company plans to invest over 1 billion euros and establish its Western Europe headquarters in Paris. Revolut is applying for a banking license in France and plans to create at least 200 new jobs in the next three years.

Currently, Revolut has launched loan, cryptocurrency, and trading services in France. The company is advancing 10 banking license applications globally, including a prepaid payment instrument license in India and banking services in Mexico.

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