The UK -based Neobank Revolut continues to extend all fronts, announcing that it has secured the authorization for the establishment of Revolut Bank Colombia SA (“Autorización de Constitución”) by the Superintendencia Financiera de Colombia (SFC). The company said this important milestone paves the way for its official entry into the Colombian market as an regulated bank, promoting Revolut’s mission to build the world’s first truly world bank.
Colombia
The recently granted license allows Revolut to begin creating banking functions and infrastructure in Colombia. This is the first of the two regulatory milestones to succeed to operate as a bank. The next step is to secure the operating license typically as a bank (“Licencia de Funcionamiento”). With this Foundation, Revolut is now preparing for its launch in 2026, where it will introduce a complete range of digital banking products specially designed for Colombian consumers -consuming its experience in 39 other markets worldwide, including savings accounts, direct and non -existent accounts.
Chapter
Revolut has committed an initial capital of 146 billion Colombian Pesos (or £ 28 million / € 32 million / $ 37 million) to finance the initial establishment and development of its banking work in the country. The company said this investment underlines its long -term commitment to the Colombia market.
Expansion
The Revolut (and the Product Extension Steps) steps in 2025 included the attraction of the Binance Exec Reem Khayat to direct encryption product marketing, adding the former CEO of Markets.com Stavros Anastasiou as a Board of Directors of the Board of Directors. Béatrice Cossa-Dumurgier.
Diego Caicedo, CEO of Revolut Bank Colombia, commented,
“This approval represents an important step towards the conversion of the economic landscape into Colombia. We look forward to working with local stakeholders and contributing to the development of a more comprehensive and technologically advanced economic ecosystem in the country, bringing a new model of digital banking ease.”
Carlos Urrutia, head of international expansion in Revolut, said,
“Goting Banking Banking in Colombia is a fundamental achievement for Revolut in Latin America and a proof of our commitment to expand our global footprint.
Revolut is rapidly expanding its global footprint, with a task of making a three top financial application to each market. They now live throughout the EU, the United Kingdom, Australia, Japan, New Zealand, Singapore, the US and India, the company is rapidly increasing its presence in Latin America. Following its release in Brazil in May 2023, Revolut announced its intention to begin in Argentina, while also preparing to begin in Mexico after receipt of the banking permit in 2024.
Revolut businesses in Colombia will be conducted by a local subsidiary, Revolut Bank Colombia SA, which is now a bank in the process of receiving the incorporation permit. The “preoperative” stage is a common regulatory process for new banks in Colombia, allowing them to complete the operational readiness before full launch. More details on product offers and starting schedules will be announced in due time.