App-based fintech firm Revolut has vowed to keep its headquarters in London despite repeated approaches by the French government to move to Paris in the wake of Brexit. But while Revolut says it has no plans to abandon the UK, it is making plans to hedge against the risk of Brexit via Luxemburg
Revolut, one of Britain's fastest growing financial technology companies, revealed it has received periodical approaches by France over the past 12 to 18 months as president Emmanuel Macron tries to lure UK firms with cuts to tax and red tape. But the popular start-up, founded and run by Russian-born Nikolay Storonsky, has repeated that from its perspective it's 'business as usual' and confirmed today: 'London will remain our headquarters'. 'What I love about London is it's so international. Paris is not international at all,' Storonsky was quoted saying last year. It comes as France sees Britain's expected departure from the EU as an opportunity to lure some of its fintech companies - which are seen as crucial to the future of financial services and hence key to economic growth - to the country.