Gate News message, April 23 — Revolut’s Western Europe CEO Béatrice Cossa-Dumurgier said the crypto-friendly fintech company aims to secure licenses in France and the United States this year as part of its expansion strategy. Revolut has committed $1.1 billion to its French expansion and recently signed a 10-year office lease near the Paris Stock Exchange.
Once granted French regulatory approval, Revolut will be able to offer mortgage loans and regulated savings products including the French Livret A account. Cossa-Dumurgier noted that discussions with France’s Prudential Supervision and Resolution Authority regarding the license have reached an “advanced stage.”
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