Revolut has obtained authorisation from Colombia’s Superintendencia Financiera de Colombia (SFC) to operate and has also filed an application for a banking licence in Switzerland with FINMA.
The Colombian approval clears the way for the company to operate as a regulated bank in the country.
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The move comes after a year in which, according to Revolut’s 2025 annual report, the group posted revenue of $6bn, up 46% from a year earlier, and pre-tax profit of $2.3bn. Customer balances stood at $67.5bn.
Revolut plans to introduce a range of banking products in Colombia.
In Switzerland, the UK-based fintech firm application has been formally submitted to FINMA and remains under review.
Revolut serves more than 1.3 million customers in Switzerland through Revolut Bank UAB, which is licensed in Lithuania.
It also has a representative office in Switzerland, but no Swiss banking licence.
The proposed Swiss banking entity would include products such as Swiss IBANs, salary accounts, eBill, merchant acquiring and access to the Swiss deposit guarantee scheme.
Pillar 3a and TWINT are also being considered.
Revolut plans to invest more than SFr150m ($183.2m) in Switzerland over the next five years.
The funds are intended for product development and hiring, alongside appointments at executive board and senior leadership level as part of plans for a separate local banking structure.
The company expansion in 2026 has included banking licences in France, Australia and the UK.
It recently introduced its bank in Mexico and said it is continuing regulatory work in Brazil, Peru and Argentina.
The company also said it received conditional approval from the US Office of the Comptroller of the Currency for a national bank charter in the US.
Besides, it secured a payments licence in the UAE, and has applied for banking licence in Finland and South Africa.
