Revolut Targets Morocco in Strategic Expansion with New Leadership Appointment

Revolut, the UK-based financial technology firm, is preparing to launch operations in Morocco, marking a strategic move into North Africa as part of its wider global expansion. The move follows a series of major developments across Europe, where the company has rapidly scaled its products and operations.

To lead its entry into the Moroccan market, Revolut has appointed Amine Berrada, formerly General Manager at Uber Morocco, as its first senior executive in the region. His appointment represents a key step in localising leadership and adapting the company’s strategy to the specific needs of the Moroccan market.

Revolut’s initial offerings in Morocco will include core services such as digital payments, foreign exchange (FX), and remittance solutions. These services are highly relevant in the country, where cross-border transfers and currency exchange are in strong demand. Over the next two years, Revolut plans to pursue a digital banking (neobank) license, enabling it to expand into a full range of banking services.

To support its launch, Revolut is building a lean local team of around 60 employees. This team will be responsible for setting up operations, ensuring compliance with local laws, and driving customer acquisition—all while maintaining an efficient cost structure.

Given Morocco’s stringent financial regulations, Revolut is expected to either apply for an Electronic Payment Institution (EPI) license or establish a strategic partnership with a local bank to meet regulatory requirements. The company will also need to implement comprehensive compliance frameworks in key areas, including Know Your Customer (KYC), Anti-Money Laundering (AML), Data protection and privacy, and currency controls, due to the non-convertibility of the Moroccan dirham.

These measures will be vital for securing regulatory approval and gaining the trust of Moroccan consumers and financial authorities.

Revolut’s move into Morocco builds on its growing footprint in Europe. The company recently designated Paris as its Western European headquarters, reinforcing its long-term commitment to the EU market. As part of this initiative, Revolut is investing over €1 billion in France and aims to create more than 400 jobs across the region by 2029. At least 200 of these positions will be based in France, supporting functions such as legal, compliance, product development, and credit services.

The speed of Revolut’s expansion in Morocco will depend largely on regulatory timelines and the performance of its initial services. Securing necessary licences or forging strong local partnerships will be key to rolling out a broader range of financial products.

Looking forward, Revolut may introduce more advanced offerings such as personal loans, mortgages, and even telecom services—mirroring its European product diversification strategy. By leveraging its digital-first infrastructure and customer-centric approach, Revolut aims to reduce financial barriers for Moroccan users and drive digital transformation in the country’s banking and fintech sectors.