Revolut has secured its licence to operate from the Superintendencia Financiera de Colombia, completing the final regulatory step required to launch banking services in the country. The approval grants Revolut full banking licence status and expands its global regulatory footprint to six licences worldwide. The company enters Colombia with strong momentum from its global community of over 80 million customers and a waitlist of around 200,000 people.
Regulatory Approval in Colombia
The Superintendencia Financiera de Colombia has issued Revolut the licencia de funcionamiento, the definitive authorisation needed to operate as a regulated bank in the country. This approval represents the final regulatory requirement and follows full banking licence authorisations previously obtained in the United Kingdom, France, Australia, Lithuania and Mexico. With this latest milestone, Revolut now holds six banking licences worldwide and is positioned to begin serving Colombian customers.
Product Plans and Consumer Protections
Revolut plans to launch a comprehensive portfolio of financial products in Colombia after meeting strict regulatory capital requirements. The company aims to resolve common frictions in daily banking and cross-border money management for local users. Deposits will be protected under the Fogafín deposit insurance framework, reinforcing the platform's commitment to consumer security.
Financial Performance and Scale
Revolut enters Colombia after another record year, according to its 2025 Annual Report. The group achieved revenues of six billion US dollars, a 46 percent increase year on year, and pre-tax profits of 2.3 billion US dollars. Total customer balances reached 67.5 billion US dollars, marking the company's fifth consecutive year of net profitability.
Leadership Perspectives
Founder and Chief Executive Officer Nik Storonsky said the licence allows Revolut to bring its technology and financial stability to a dynamic market. He emphasized that more than 80 million people already trust Revolut and that its balance sheet reflects sustained profitability. Diego Caicedo, Chief Executive Officer of Revolut Colombia, added that the company is connecting Colombia to the global economy by simplifying remittances and access to world-class products.
Customer Demand and Local Relevance
Around 200,000 Colombians have already joined the waiting list, indicating strong early interest in Revolut's local offering. The company's entry is expected to address persistent inefficiencies in cross-border payments and remittances, which are vital to many Colombian households. By combining global infrastructure with local regulatory approval, Revolut aims to provide a transparent alternative to traditional banking services.
Expansion Momentum
Revolut has continued its global expansion in 2026 with bank licences obtained in France, Australia and the United Kingdom. The company has also received conditional approval from the United States Office of the Comptroller of the Currency for a national bank charter, along with a payments licence in the United Arab Emirates and an organisation licence in Peru. Revolut remains on track to reach 100 million customers by mid 2027.
Strategic Outlook
The company sees Colombia as a gateway to deeper engagement across Latin America, following regulatory progress in Peru and ongoing expansion in the region. Revolut's global balance sheet and record revenues provide the resources needed to invest in local operations and product development. As the platform moves toward its target of 100 million customers by mid 2027, Colombia is expected to contribute to the next phase of growth.
Revolut's Colombian banking licence represents a significant step in its global strategy and reflects growing demand for digital financial services across Latin America. The company's established profitability, regulatory approvals and large waiting list suggest strong potential for adoption in the new market. Interested users can join the priority waiting list at www.revolut.com/es-CO to receive early access once services go live.