Revolut Secures Colombia Banking Licence in Final Launch Step

Revolut announced on 15 September 2026 that it has received its licence to operate (licencia de funcionamiento) from the Superintendencia Financiera de Colombia (SFC), the last step of the regulatory requirements to launch as a regulated bank in the country. The licence follows full banking licence approvals previously obtained in the UK, France, Australia, Lithuania and Mexico, bringing Revolut’s banking licences to six worldwide.

The definitive authorization will allow Revolut to operationalize as a regulated bank in Colombia. The company said around 200,000 Colombians have already signed up to the waitlist, and that it will launch with an ambition to resolve frictions in daily banking and cross-border money management.

Revolut said that with a full banking licence granted by the SFC, it is set to soon launch a comprehensive portfolio of financial products in Colombia. Meeting the strict regulatory capital requirements highlights the project’s financial strength and the company’s long-term commitment to the country, according to the company, while Fogafín deposit insurance ensures protection for users under the local regulatory framework.

Nik Storonsky, founder and CEO of Revolut, commented: “Securing this licence allows us to bring our cutting-edge technology and financial stability to a dynamic market, offering Colombians a transparent platform that puts power back in their hands.” He added that with over 80 million people already trusting Revolut and a balance sheet reflecting strong and sustained profitability, the company is proving that financial control can, and should be, borderless.

Diego Caicedo, CEO of Revolut Colombia, said the grant brings the company one step closer to operating in Colombia. The company is “connecting Colombia to the global economy, simplifying remittances and access to world-class products in one single place,” he said, describing the licence as an important regulatory milestone.

Two-Step Licensing Process

The operating licence is the second of two regulatory milestones for Revolut in Colombia. On 9 October 2025, Revolut announced that it had secured authorization to establish Revolut Bank Colombia S.A. (Autorización de Constitución) from the SFC, the first of the two milestones required to operate as a bank in the country. The second was the licence to operate formally as a bank (Licencia de Funcionamiento).

Revolut committed initial capital of 146 billion Colombian pesos, stated by the company as £28 million or €32 million, to fund the initial establishment and growth of its banking operations in the country. Its operations in Colombia are conducted by the local subsidiary Revolut Bank Colombia S.A., which became a bank in phase of authorization after receiving the incorporation licence. The company described the pre-operative stage as a common regulatory process for new banks in Colombia, allowing them to complete operational readiness before a full launch.

At the time of the constitution authorization, Revolut said it was preparing for a 2026 launch in which it would introduce a full suite of digital banking products designed for Colombian consumers, drawing on its experience in 39 other markets worldwide. The planned portfolio included savings accounts, instant and fee-free international transfers between Revolut customers, and credit cards, among others, subject to the completion of the licensing process. The company said further details regarding product offerings and launch timelines would be announced in due course.

Carlos Urrutia, head of international expansion at Revolut, said at the time that receiving the banking incorporation licence in Colombia was a fundamental achievement for Revolut in Latin America and a demonstration of the company’s confidence and commitment to Colombia and the region.

Financial Position and 2026 Expansion

According to its 2025 Annual Report, cited in the announcement, the group achieved revenues of US$6 billion, a 46% increase year-on-year, and pre-tax profits of US$2.3 billion, marking its fifth consecutive year of net profitability. Total customer balances reached US$67.5 billion. Revolut reports more than 80 million customers globally; in its October 2025 announcement it cited over 65 million customers worldwide.

The company said it has continued its global expansion in 2026, obtaining bank licences in France, Australia and the UK. This year it has also received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) for its U.S. national bank charter, been granted a payments licence in the UAE, and been granted an Organisation Licence by the Superintendency of Banking, Insurance and AFP (SBS) of Peru. The company said it remains on track to reach 100 million customers by mid-2027.

In Latin America, Revolut launched in Brazil in May 2023, has announced its intention to launch in Argentina, and received its Mexico banking licence in 2024. As of October 2025, the company said it was live across the EU, the UK, Australia, Japan, New Zealand, Singapore, the US and India, with a mission to become a top three financial app in every market it enters.

Revolut said interested users can join the waiting list for priority access at revolut.com/es-CO.