Revolut applies for banking licence in Peru

Core Insights - Revolut is expanding its operations into Peru by applying for a full banking license, with Julien Labrot appointed as CEO to lead this initiative [1][2] - The company aims to provide a range of digital financial services tailored to the Peruvian market, emphasizing accessibility and security [2] - Revolut's expansion in Peru marks its fifth entry into the Latin American market, following Brazil, Mexico, Colombia, and Argentina [3] Financial Performance - For 2024, Revolut reported projected revenue of $4 billion, profits of $1 billion, and total assets of $33 billion, with a valuation of $75 billion [4] Strategic Focus - The company plans to expand its workforce in Peru while primarily adopting remote work practices [3] - Revolut is committed to collaborating with regulators to ensure a secure and compliant banking solution for both individuals and businesses [5] - A new in-app feature has been introduced to combat impersonation scams, enhancing user security during app usage [5]