Revolut Plans to Invest €1 Billion in France, Apply for License

Revolut Ltd., Europe’s largest digital bank, plans to invest more than €1 billion ($1.1 billion) in France and apply for a local banking license as the fintech eyes an expansion across Europe.

At the Choose France business summit hosted by President Emmanuel Macron in Paris on Monday, the London-based firm said it was setting up its new western European headquarters in the city, pledged to bring the investment over three years and hire at least 200 workers in the period.

It also said it’s in the process of submitting an application to French banking regulator Prudential Supervision and Resolution ...