Revolut expands Latin American footprint via acquisition and new leadership

Revolut is advancing its expansion in Latin America through both leadership appointments and strategic acquisitions. The fintech company has received approval from the Central Bank of Argentina to acquire Banco Cetelem Argentina S.A. from BNP Paribas Personal Finance. Following the transaction, the entity will be renamed Revolut Bank Argentina S.A.U. and will operate as a regulated banking entity, with Agustin Danza slated to serve as CEO.

In a parallel move to bolster its corporate services, Revolut has appointed Álvaro Alberdi as the head of business growth for Southern Europe and Latin America. Alberdi will oversee client acquisition, partnerships, and marketing for Revolut Business. The corporate division currently accounts for 16% of the group's global revenue and aims to reach 1 million corporate clients by 2027.