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Max Karpis
@maxkarpis
Early @Revolut investor & independent analyst | Daily insights, news & analysis on Revolut's global growth. F1 fan • Pro Bitcoin
Joined June 2017
580 Following    13K Followers
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.” #Colombia#
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