British financial technology firm Revolut has committed at least $1 billion to expanding across Latin America, with Brazil at the centre of its plans for the region. Executives set out the investment in São Paulo, saying the money will be spent over several years across Brazil, Mexico, Colombia, Peru and Argentina.

The commitment comes as Revolut expects Latin America and the United States to supply one in four of its new customers worldwide next year. Brazil, where the company launched in 2023, is now its biggest expansion market and one of its three fastest-growing markets globally, according to Glauber Mota, the chief executive of Revolut in Brazil.

A minimum, not a ceiling

Carlos Urrutia, Revolut's general manager of international expansion, told journalists that the $1 billion figure is a floor rather than a cap. He said the company is prepared to commit more resources as it reviews results in the region quarter by quarter, describing Revolut as a healthy company with a solid balance sheet.

"This isn't the maximum," Urrutia said. "It's a number we're committed to for now, and that could grow as we see that markets need more acceleration." Mota echoed that message, saying the company had reached the $1 billion commitment as a minimum investment and would add to it if opportunities justified faster spending.

Banking licences across the region

The investment will fund geographic expansion, product development and day-to-day operations. Revolut's Mexican bank reached one million customers in its first eight months, and the company says Colombia holds full banking authorisation and is close to launching. In Peru it is in the final stages of securing a full banking licence, while in Argentina the Banco Cetelem operation is being converted into Revolut Bank Argentina. Chile is next on the company's list.

The big question for Brazil is when Revolut secures a full banking licence there. Mota said that is the plan, and that the question is timing rather than intent. Revolut currently operates in Brazil as a direct credit society and is discussing a full licence with regulators.

Growth after a $115bn valuation

The Latin America push follows a secondary share sale that valued Revolut at $115 billion, completed days before the announcement. The deal allowed existing shareholders, including employees, to sell shares, while the company itself did not receive new funding from the transaction.

Revolut already operates in about 40 markets. Its expansion in Latin America is part of a wider international drive: in 2026 it has launched banking services in the United Kingdom, Mexico, Australia and New Zealand, obtained banking licences in France, Colombia and Argentina, and received conditional approval from the United States Office of the Comptroller of the Currency to establish a national bank in the US.

The company is betting that building its own technology, rather than buying local rivals, will let it grow fastest in a region where digital banking is still spreading quickly. Whether the $1 billion delivers the customer growth Revolut expects will become clear over the coming year, as its launches in Colombia and Peru move from preparation to full operation.