SocGen Assess Strategy for BoursoBank Facing Revolut Push
Revolut announced it will invest more than €1 billion over the next three years in France.
Photographer: Betty Laura Zapata/BloombergSociete Generale SA is reconsidering its strategy for French digital lender BoursoBank, amid the oncoming challenge from $75 billion fintech giant Revolut Ltd.
The French bank will hold a board meeting this month to look at strategic options for its online lender, people familiar with the matter said. While BoursoBank reached a targeted 8 million customers a year ahead of schedule in 2025, Revolut is now aiming at 10 million users in France by next year. It is also setting up a new regional headquarters in Paris and plans to invest €1 billion ($1.2 billion) in the country.