Revolut muscle its European system at a pivotal moment in its international development. British fintech, 55 million customers, appointed Frédéric Oudéaformer director general of Société Générale as president of his new Western Europe subsidiary. Alongside Béatrice Cossa-DumurgierCEO since May, she is responsible for strengthening governance and finalizing a obtaining a Banking approval to ACPR.
This subsidiary, whose seat is installed in Parispilot activity on France, Germany, Spain, Italy, Portugal and Ireland. France thus becomes the European Center of Gravity of Revolut, its second market with five million customers. The company provides more than a billion euros in investments and 200 recruitments In France within three years, when its local growth has accelerated with 1.6 million new users in 2024.
In parallel, Revolut advances on the American front. She would have mandated advisers, including Bank of Americato explore the acquisition of a local bank, a shortcut to the American banking license. Such an operation would allow him to quickly access new deposits and compensate for the slowdown in growth in its historic markets.
These initiatives are part of the preparation of a IPO. If the founder Nik Storonsky displays a preference for new Yorkdeemed more favorable in terms of market regulation and depth, the British government pushes for a rating to Londonopening a political and financial showdown this summer.
Revolut, who had to fight three years to obtain a limited banking approval in 2024 in 2024 in the United Kingdom, now wants to show white leg: reinforced governance, resolved accounting and regulatory problems, efforts displayed on internal culture.
The company has also just launched a secondary transfer process of securities to the profits of its key collaborators, to a valuation of $ 75 billionup sharply compared to the 45 billion affected last summer. For comparison, Société Générale recorded a market capitalization of around $ 49 billion on the same date (42 billion euros)
The objective of Revolut is today to convince regulators and investors that she is no longer just a neobanque in hypercroissance, but an international banking player in the process of crossing a new CAP.
Since its creation in 2014, Revolut has raised $ 1.9 billion and has been among its main SoftBank shareholders, Tiger Global Management, DST Global, Index Ventures, or Balderton.
