Revolut Secures Colombian Banking Licence, Its Sixth Worldwide
Revolut has received its licence to operate from Colombia’s financial regulator, the Superintendencia Financiera de Colombia (SFC), to launch as a bank in the country. This is the company’s sixth full banking licence, and around 200,000 Colombians have already joined its waiting list.
September 16, 2026 - 1:31 am
Credit: Revolut
Revolut announced the approval on September 15, marking the last regulatory step needed to launch in Colombia. The licence allows it to operate as a regulated bank in the country.
Chief executive and founder Nik Storonsky expressed his excitement:
“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. With over 80 million people already trusting Revolut and a balance sheet that reflects our strong and sustained profitability, we are proving that financial control can, and should be, borderless.”
What Revolut Plans in Colombia
Revolut intends to introduce a full range of financial products in Colombia, focusing on everyday banking and cross-border money management, including remittances. The company has met the SFC’s capital requirements, and Fogafín, Colombia’s deposit insurance scheme, will protect customer deposits.
Diego Caicedo, chief executive of Revolut Colombia, stated:
“Today we are one step closer to operating in Colombia. We are not just going to launch as a bank; we are connecting Colombia to the global economy, simplifying remittances and access to world-class products in one single place, supported by the infrastructure of one of the world’s most innovative financial platforms. This licence is an important regulatory milestone, and we are excited to demonstrate the value of our proposition in the Colombian market.”
Behind the Expansion
Revolut boasts over 80 million customers worldwide and aims to reach 100 million by mid-2027. In 2025, the company generated $6bn in revenue, up 46% from the previous year, with a pre-tax profit of $2.3bn. Customer balances reached $67.5bn.
A share sale earlier this year valued Revolut at $115bn. A new share deal for founder Nik Storonsky targets a $500bn valuation.
Despite its rapid expansion, Revolut has faced regulatory scrutiny. In June, the European Central Bank restricted some of its products, and in September, TNW reported that Revolut had handed customer passports to scammers using a real government email domain.