Revolut plans to apply for licenses in France and the United States

According to Reuters, B é atrice Cossa Dumurgier, CEO of Revolut Western Europe, stated that Revolut is seeking to obtain licenses in France and the United States this year and has committed to investing $1.1 billion to expand into the French market. Revolut also signed a 10-year office lease near the Paris Stock Exchange. Cossa Dumurgier stated that the license discussions with the French Prudential Regulation Authority have entered an "advanced stage", and upon approval, it will provide regulated savings products such as mortgage loans and Livret A.