Revolut aims to secure banking licenses in France and the United States by 2026, according to Western Europe CEO Béatrice Cossa-Dumurgier. The move is part of the company's strategy to expand its loan and localized savings product offerings and enhance its competitiveness against traditional banks. Revolut has committed to investing $1.1 billion in France as part of this expansion. While currently operating in the EU under a Lithuanian license, obtaining local regulatory approval in France is seen as a crucial step towards acquiring a U.S. license. Additionally, Revolut is appealing a $13 million fine imposed by Italian authorities in early April for allegedly misleading investment service statements. The company is actively working to address these regulatory challenges as it pursues its ambitious growth plans.