Revolut Secures Colombian Banking Licence; 200,000 on Waitlist

# What happened Revolut has been granted a banking licence by Colombia's financial regulator, clearing the last regulatory step needed to operate as a bank in the country. The company has not set a public launch date. Revolut says roughly 200,000 Colombians have signed up to its waiting list for priority access.

# Colombia Revolut intends to bring both banking services and international money services to Colombian customers. Deposits accepted under the Colombian operation will be covered by Fogafín, Colombia's deposit insurance scheme, in line with local rules.

Diego Caicedo, CEO of Revolut Colombia, described the licence as an "important regulatory milestone," and said the firm plans to connect Colombian customers to global services, simplify remittances, and centralize access to products on Revolut's platform.

# How this fits into Revolut's wider expansion Colombia becomes the sixth country where Revolut holds a banking licence, after Lithuania, Mexico, the UK, France and Australia. The company reported US$6 billion in revenue and US$2.3 billion in pre-tax profit for 2025, and serves more than 80 million customers worldwide. Revolut aims to reach 100 million customers by mid-2027.

Revolut is also pursuing other approvals as part of its growth strategy: it has conditional approval for a US national bank charter, a payments licence in the UAE, and an organisation licence in Peru.

# What customers should know now

• No launch date: Revolut has not confirmed when Colombian customers will be able to open accounts or use full banking features. Keep an eye on official Revolut Colombia communications for updates.
• Priority access: People who want early access can register on Revolut's Colombia website to join the priority waitlist.
• Deposit protection: Deposits will be covered by Fogafín, meaning customers will have protection under Colombia's deposit insurance framework.

# Why it matters for Colombian customers A licensed local operation can change how Revolut positions itself in the market: a domestic banking licence allows the company to offer regulated deposit-taking and potentially build features tailored to local needs. For consumers, the immediate practical effects are deposit protection and the prospect of locally regulated products and remittance services.

# Next steps to watch

• Details on specific product lineup for Colombia (accounts, remittances, cards, loans or savings products).
• Regulatory disclosures or local terms showing how Fogafín coverage applies in practice.

Revolut's move adds another international challenger bank to Latin America, following its parallel efforts in Argentina (acquisition of Banco Cetelem) and regulatory steps elsewhere in the region.