"Revolut, a UK-based neobank that only started operating in Mexico in January, is also ramping up investments to prepare itself for a similar influx of customers. The company reported that it had scaled its investment to $167 million, signaling its trust in the upcoming growth of its operations."
Nubank reached market break-even in Mexico in Q1 2026, reaching 15 million customers and becoming the third largest financial institution. Mexico has a large banked population and over 90 million adults seeking financial solutions, with growing adoption of digital alternatives to traditional banking. Nubank plans to invest $4.3 billion through 2030 as it prepares to launch banking operations in a sector underserved by traditional banks. Revolut, operating in Mexico since January, gained 290,000 customer registrations and held $218 million in deposits by the end of March. Revolut scaled its investment to $167 million to support expected customer growth and operations expansion.
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