Revolut just secured a full banking licence in Colombia.
The SFC has granted Revolut Bank Colombia S.A. its licencia de funcionamiento — the second and final step after last year’s incorporation approval. That is the green light to start standing the bank up, not a quiet paperwork update.
The numbers: more than 80 million customers worldwide, nearly 200,000 Colombians already on the waitlist, and another $62 million going into infrastructure and tech. Reuters says that doubles the original investment. Deposits will sit under Fogafín once it is live. Launch is still some way off — 2027, according to Reuters.
Nik Storonsky: The licence lets Revolut bring “cutting-edge technology and financial stability to a dynamic market” and offer “a transparent platform that puts power back in their hands.
”David Tirado: “We’re just getting started in LATAM.”
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