Revolut receives Colombian operating licence, the last step before bank launch
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What happened
Revolut said on 15 September 2026 that it had received its licence to operate (licencia de funcionamiento) from the Superintendencia Financiera de Colombia (SFC). The company described the licence as the last step of the regulatory requirements to launch in Colombia and as a definitive authorization to operate as a regulated bank in the country. Revolut said it brings its banking licences to six worldwide, following full banking licence approvals in the UK, France, Australia, Lithuania and Mexico.
The announcement gave no launch date. Revolut said it was set to launch a comprehensive portfolio of financial products in Colombia soon, that around 200,000 Colombians had already signed up to a waitlist, and that Fogafín deposit insurance would protect users under the local regulatory framework. The release also cited the company's 2025 Annual Report, which showed revenues of US$ 6 billion, up 46% year on year, pre-tax profits of US$ 2.3 billion and total customer balances of US$ 67.5 billion. Revolut said it has more than 80 million customers and that it remained on track to reach 100 million customers by mid-2027. All of these figures come from Revolut's own press release.
Key points
- Revolut received its licence to operate from the Superintendencia Financiera de Colombia on 15 September 2026, which it called the last regulatory step before launch.1
- The licence is Revolut's sixth banking licence worldwide, after the UK, France, Australia, Lithuania and Mexico.1
- Around 200,000 Colombians had joined the waitlist; no launch date was given.1
- Revolut cited 2025 revenues of US$ 6 billion and pre-tax profits of US$ 2.3 billion.1
Why it matters
Revolut described the SFC licence as the last regulatory step, so the launch of its Colombian bank no longer waits on a licence, according to the company.
The licence lets Revolut operate as a regulated bank in Colombia, with Fogafín deposit insurance for users. That adds a regulated banking market to the revenue base a valuation rests on.
Revolut's release cited US$ 6 billion in 2025 revenue and US$ 2.3 billion in pre-tax profit from its annual report. These are company-reported figures, not independently checked.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series C | Apr 26, 2018 | $1.7B | $250M | DST Global |
| Series D | Feb 24, 2020 | $5.5B | $500M | TCV |
| Series D extension | Jul 24, 2020 | $5.5B | $80M | Unknown |
| Series E | Jul 15, 2021 | $33B | $800M | SoftBank Vision Fund 2 and Tiger Global Management |
Updated
Fact-check
- Revolut received its licence to operate from the Superintendencia Financiera de Colombia on 15 September 2026.Stated by [1] Revolut per the writer's read: its 15 September 2026 release says it received the licencia de funcionamiento from the SFC, the last step of the regulatory requirements to launch. The release page returned 403 to the checker, so this rests on the writer's read.Partly verified
- The licence brings Revolut's banking licences to six worldwide, after the UK, France, Australia, Lithuania and Mexico.Stated by [1] Revolut per the writer's read: the release lists full banking licence approvals in those five countries and says the total is now six. The release page returned 403 to the checker, so this rests on the writer's read.Partly verified
- Around 200,000 Colombians had signed up to the waitlist and Revolut has more than 80 million customers.Stated by [1] Revolut per the writer's read: the release states around 200,000 waitlist sign-ups and more than 80 million customers. Both are company figures. The release page returned 403 to the checker, so this rests on the writer's read.Partly verified
- Revolut's 2025 revenues were US$ 6 billion (up 46%), pre-tax profits US$ 2.3 billion and customer balances US$ 67.5 billion.Stated by [1] Revolut per the writer's read: the release cites its 2025 Annual Report for these figures. The report itself was not opened. The release page returned 403 to the checker, so this rests on the writer's read.Partly verified
- Revolut said it remained on track to reach 100 million customers by mid-2027.Stated by [1] Revolut per the writer's read: the release makes this statement; it is the company's own outlook. The release page returned 403 to the checker, so this rests on the writer's read.Partly verified
Sources
- [1]Revolut (opens in a new tab)Revolut Secures Bank Licence in Colombia, Accelerating Progress towards Launchthe last step of the regulatory requirements to launch
