UK fintech giant Revolut eyes Moroccan market

Revolut, the London-based fintech valued at around €41 billion and serving nearly 60 million customers worldwide, is preparing to expand into Morocco.

According to the North Africa Post, the company has submitted applications to Bank Al-Maghrib, signaling its plans to officially enter the market. Revolut has also appointed a country director with a background in international technology and begun recruiting staff to support its launch.

Founded in 2015, Revolut operates entirely through smartphones, offering services such as fee-free international transfers, multi-currency cards, and investment tools for stocks and cryptocurrencies. The firm’s low-cost, mobile-first approach has made it especially popular among younger, tech-savvy users.

While Moroccan banks have invested significantly in digital platforms, critics argue that their products remain costly and rigid. Revolut’s zero-fee accounts are expected to attract urban millennials and freelancers seeking flexible, affordable alternatives.

The move follows Revolut’s expansion into South Africa, marking another step in its broader push into African markets.