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[SITUATION] · [ACTIVE] · [BUSINESS]

4 clusters · 35 sources · 19 days · First seen · Last updated

Revolut global banking expansion

Overview

Fintech company Revolut is expanding its global banking footprint through new licenses and acquisitions. In mid-September, the firm secured a banking license from the Superintendencia Financiera de Colombia (SFC) and announced plans to invest a total of $400 billion in the country. Concurrently, Revolut applied for a Swiss banking license via Finma to expand its European services, planning an investment of over 150 million Swiss Francs in Switzerland over five years. By late September, Revolut’s expansion into Latin America progressed in Argentina, where the Central Bank approved its acquisition of Banco Cetelem Argentina S.A. from BNP Paribas Personal Finance. The entity is expected to be renamed Revolut Bank Argentina S.A.U. and will operate as a regulated banking entity, with Agustin Danza slated to serve as CEO.

To support its growth, Revolut has appointed Álvaro Alberdi as the head of business growth for Southern Europe and Latin America. In the United States, the company is working toward obtaining a national banking license, with operational banking activities in the U.S. targeted for the first half of 2027.

By October 2026, Revolut reached a private valuation of $115 billion, making it Europe’s most valuable startup and surpassing the market capitalization of institutions such as Britain’s Barclays and France’s Societe Generale. While serving approximately 80 million customers globally, the company’s revenue is primarily driven by service fees and subscriptions rather than lending interest. For 2025, Revolut reported a pretax profit of £1.7 billion ($2.2 billion). Despite its growth, the firm has faced regulatory and security challenges, including fines in Lithuania regarding anti-money laundering deficiencies and a data incident involving hackers.

Entities

Revolut · Nik Storonsky · Agustín Danza · Banco Cetelem Argentina S.A. · Central Bank of Argentina

Timeline

  1. [BUSINESS] 10 sources
    Revolut reaches $115 billion valuation, surpassing major European banks

    Revolut has reached a $115 billion valuation, making it Europe’s most valuable startup and a major rival to traditional banks like Barclays and Societe Generale through aggressive global expansion.

  2. [BUSINESS] 2 sources
    Revolut expands Latin American footprint via acquisition and new leadership

    Revolut is expanding in Latin America by acquiring Banco Cetelem Argentina with regulatory approval and appointing Álvaro Alberdi to lead business growth in Southern Europe and the region.

  3. [BUSINESS] 4 sources
    Revolut expands global footprint with Argentine acquisition and Swiss license application

    Revolut is expanding globally, securing approval to acquire Banco Cetelem in Argentina and applying for a banking license in Switzerland as it targets market entries in Latin America and the U.S.

  4. [BUSINESS] 19 sources
    Revolut secures Colombian banking license and pursues Swiss authorization

    Revolut has obtained a banking license in Colombia, planning a $200 billion investment, while also applying for a Swiss banking license to expand its global digital financial services.

Sources

ad-hoc-news.de · brandspurng.com · businesscol.com · cashcow.nl · cincodias.es · diariodelhuila.com · diarioextra.com · elcorreoweb.es · elheraldo.com.ar · financialit.net · financiarul.ro · fr.businessam.be · hoytamaulipas.net · insidetelecom.com · it-boltwise.de · lacronicabadajoz.com · laopinioncoruna.es · lenews.ch · letsmoney.com.br · minseg.gob.pa · moneytoday.ch · news.tuoitre.vn · nouvelles-du-monde.com · ot.gr · panamabankingnews.com · periodicolea.com.ar · realtid.se · revistabiz.ro · sapo.pt · siliconrepublic.com · standard.co.uk · startupcafe.ro · stiripesurse.ro · tvn-2.com · valoraanalitik.com

This summary has been updated 4 times: see revision history