Revolut aims to reach 100m customers by 2025
IN BRIEF:
This means it will become the number one bank for customers in France, taking on the likes of Boursorama and Crédit Agricole
The bank will be offering consumer loans in France from 30 May
The loans will range from €1,000 to €50,000, with mortgage loans in future development plans
What does this mean?
VP of growth Antione Le Nel revealed the company’s ambitions at a conference in Paris. Le Nel also told Frandroid that neobanks “are no longer our natural competitors” as they look to take on larger incumbent banks. Revolut’s plans are ambitious, with 2.5m customers in France and loans already offered in other markets such as Ireland, Romania, and Lithuania.
