After securing Colombian banking licence, Revolt applies for another in Switzerland
What's happening
Revolut has secured a bank licence in Colombia from the Superintendencia Financiera de Colombia, clearing the final regulatory requirement to operate as a regulated bank there. At the same time the company has applied to Switzerland's FINMA for a Swiss banking licence and committed to investing more than CHF150m as part of that push. Revolut now serves more than 80 million customers and is pursuing broader moves including exploration of a dual New York and London listing and hires to expand its institutional crypto business.
Why it's trending
Multiple regulatory and growth moves (Colombian licence, Swiss licence application and CHF150m pledge) signal a coordinated global expansion push right now.
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Momentum
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Stories per dayAngles you could write
Most fintechs chase one regulatory market at a time, Revolut is buying licences like network nodes, Colombia secured, Switzerland applied for with CHF150m behind it, and a dual-listing on the table; that scale-first play is riskier but could lock competitors out fast.
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Original sources7
- Revolut Chief Says FinTech Could Go Public in NY and London
Revolut’s co-founder and CEO says the FinTech is considering a dual London and New York stock market listing. In an interview Thursday (Sept. 17) with French newspaper Les Echos, Nik Storonsky said the company wanted to list in the U.S. as the market there provides more liquidity and a bigger investment pool. “It’s a larger market. It includes institutional […] The post Revolut Chief Says Fi
PYMNTSSep 17 - Revolut exploring dual New York and London listing - Storonsky
Revolut is exploring a dual listing in New York and London, says the UK fintech's CEO Nik Storonsky.
FinextraSep 17 - Revolut Reconsiders London Listing after Storonsky Said LSE “Can’t Compete”
Revolut is exploring a dual listing on the Nasdaq and London Stock Exchange, despite CEO Nik Storonsky’s earlier criticism of the UK market’s lower liquidity and tax on share purchases. London's trading industry is coming home! Storonsky told French newspaper Les Echos that the US remained Revolut’s preferred market because it offered greater liquidity and more institutional and individual investo
Finance Magnates FintechSep 17
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