Revolut, the global financial technology platform with over 70 million customers, has received an Organisation Licence from Peru’s Superintendency of Banking, Insurance and AFP (SBS).
This approval marks the first step in a multi-stage process that will allow Revolut to operate as a fully regulated, locally incorporated bank—potentially becoming the first fully digital bank authorized in the country.
The road to full operational status
The Organisation Authorisation represents the foundation of Revolut’s entry into the Peruvian financial system, but additional steps remain:
- Organisation authorisation (current stage): Enables Revolut to incorporate as a banking entity in Peru and demonstrates operational readiness
- Supervisory inspection: A detailed review of infrastructure and systems conducted by the SBS
- Functional authorisation (final stage): Full approval to launch banking products and services to customers
Strategic expansion in Latin America
Peru is a key market in Revolut’s broader strategy to reach 100 million customers across 100 markets.
Within Latin America, Revolut is actively expanding into:
- Brazil
- Mexico (where full banking operations have already launched)
- Colombia
- Argentina
Peru offers strong potential due to its digitally engaged population. Despite high smartphone penetration, a large share of the population remains underbanked. Revolut aims to address this gap with accessible, transparent, and digital-first financial services.
Leadership and local commitment
To lead operations in Peru, Revolut has appointed Julien Labrot as CEO of Revolut Peru. With extensive experience in Latin American banking, Labrot will oversee the integration of Revolut’s global technology with local market needs.
“Securing our Organisation Licence reflects both Peru’s regulatory environment and our commitment to meeting high compliance standards,” Labrot stated.
The company plans to scale its local team to around 60 employees by the end of 2026, with a full operational launch expected by early 2027.
About Revolut: building the future of global banking
Founded in London in 2015, Revolut has grown into a global financial platform serving more than 70 million users.
Key facts about Revolut’s global infrastructure
- Customer base: 70M+ users across 160 countries and regions
- Market reach: Operating or expanding into 40+ countries, with a goal of 100 markets
- Regulatory footprint: 80+ licenses globally
- Financial performance: $2.3 billion in profit on $6 billion revenue (2025)
- Product suite: Savings, international transfers, stock and crypto trading, and automated money management
