Revolut’s $100M capital and high ratings signal strong Mexican launch

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To secure its Mexican banking license, Revolut directly applied to regulators rather than acquiring a local bank or partnering with one. The operation was capitalized with over $100 million, more than twice the regulatory minimum, resulting in a capital adequacy ratio of 447.2%.

Credit agencies responded positively: HR Ratings assigned a long-term AAA rating, while S&P Global gave an ‘mxA+’ rating with a stable outlook. Revolut’s strong financial position and regulatory approval position it to compete in Mexico’s fragmented and expensive banking market.

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over $100 mil to start and still profitable in other markets… feels like they came ready to dominate