Paris: Britain's Revolut said on Monday it had secured a French banking licence, marking a significant step in the fintech's European expansion plans and a development its CEO Nik Storonsky has previously said could help it gain a U.S. licence.
London-based Revolut, which plans to make Paris its "Western Europe HQ" and shift customers away from its Lithuanian entity, has emerged as the largest and most successful of the European challengers to traditional banks which sprang up in the 2010s.
