Ah, dear reader, Revolut has gallantly set its sails towards the sun-kissed shores of Mexico! On this fine Tuesday, the 27th day of the month, the audacious British fintech has proclaimed the commencement of its full banking operations in this vibrant land, thereby concluding its little frolic in the testing phase.
It is indeed a momentous occasion, as this marks the inaugural appearance of a licensed bank from Revolut beyond the confines of Europe. A veritable triumph in the world of financial shenanigans!
Revolut’s Grand Gamble on Mexico’s Peculiar Banking Tapestry
Ah, Mexico! A nation bestowed with a populace of approximately 130 million souls and a banking system that many deem as expensive as it is labyrinthine. What better place for a fully digital bank to unfurl its wings and soar?
Revolut, with the panache of a seasoned gambler, perceives a dazzling demand for app-based banking that promises lower fees and a simpler path through the thicket of bureaucracy.
¡Hola, México! 🇲🇽
Lo and behold! We have made history as the first independent digital bank to receive complete regulatory approval in this enchanting land.
Prepare yourselves for a veritable cornucopia of financial services, all wrapped in the warm embrace of customer protection and deposits safeguarded by the IPAB.
Join the waitlist ➡️…
– Revolut (@Revolut) October 20, 2025
In a twist worthy of a theatrical production, Revolut secured its Mexican banking license through a most unconventional route. It boldly applied directly to the regulators, eschewing the tedious acquisition of local institutions or the tiresome formation of partnerships.
The company, not one to shy away from extravagance, capitalized this venture with a princely sum exceeding $100 million-twice the minimum required by regulations. At its debut, the capital adequacy ratio danced at a magnificent 447.2%, soaring well above the obligatory thresholds. Quite the spectacle!
The credit rating agencies, ever the discerning critics, responded with applause. HR Ratings bestowed upon them a long-term HR AAA rating, while S&P Global issued an ‘mxA+’ rating, accompanied by a stable outlook. Bravo!
It is now official-we have clinched a valuation of $75 billion!
This splendid achievement continues to crown us as Europe’s most precious private treasure, placing us within the esteemed ranks of the world’s top ten private companies.
– Revolut (@Revolut) November 24, 2025
A Robust Capital Buffer and Design Tailored to Win Consumer Affection
With a keen eye on the consumer’s plight, Revolut’s product offering is nothing short of a masterstroke. Its checking account, like a benevolent guardian, bestows automatic interest upon balances, with generous returns for the first 25,000 Mexican pesos. No need to shuffle one’s funds into a separate savings product-how delightfully convenient!
Transfers between the fortunate users of Revolut are instantaneous and free, while international transfers to external banks come at a fraction of the cost. The app boasts the ability to support balances in over 30 currencies, with currency exchanges that rival the most competitive rates.
The fintech savants are also casting their nets wide, targeting specific segments with elegance. Their Metal plan includes a bespoke card and privileged access to the airport lounges of Mexico City-a true luxury for the discerning traveler. And lo! A launch for Revolut Kids & Teens is on the horizon, aimed at those aged 6 to 17. How splendidly inclusive!
CEO and co-founder, the illustrious Nik Storonsky, has dubbed Mexico a veritable blueprint for future escapades into emerging markets. He envisions this launch as a model for scaling Revolut’s banking infrastructure across the globe. A vision grander than most, indeed!
This ambitious expansion is buoyed by robust financials; Revolut basked in a glorious revenue of $3.8 billion in 2024, marking its fourth consecutive profitable year. In 2025, the company reached the dizzying heights of a $75 billion valuation after yet another funding round-truly a tale for the ages!
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2026-01-28 02:27