Revolut announced on 15 September that it had received an operating licence from Colombia’s Superintendencia Financiera. The company described it as the final regulatory step before launch. Around 200,000 people had joined its Colombian waiting list, according to Revolut.
The operating licence follows the SFC's authorisation to establish Revolut Bank Colombia, which Revolut announced on 9 October 2025. Revolut already holds full banking licences in the UK, France, Australia, Lithuania and Mexico; Colombia is its sixth. The new licence allows it to establish a regulated banking operation in Colombia.
DEPOSITS AND LENDING PLANNED
Country head Diego Caicedo told Reuters that operations were planned for 2027. The proposed range includes deposit and savings accounts, credit cards and unsecured consumer loans.
Revolut said its Colombian proposition would focus on everyday banking and cross-border money management. It also identified Fogafín deposit insurance as part of the local framework for its forthcoming banking services.
REGULATORY MILESTONE PRECEDES LAUNCH
Revolut will invest $62 million in Colombia in digital banking infrastructure and financial technology, doubling its initial investments, Reuters reported.
The next operational milestone is the opening of customer services.