Revolut to 'revolutionise business accounts' for millions of companies
The head of Revolut's business-to-business division has announced it is "aggressively doubling down" on the business market, following the unit's global revenues surpassing $500m (£380m) this summer.
London-based fintech firm, Revolut, reported that monthly transaction volumes at Revolut Business have hit $17bn (£13bn). The unit now contributes between 15 and 25 per cent to the wider group's revenues.
Revolut Business, launched in 2017, offers an automated financial platform for businesses, ranging from start-ups to large corporates.
It is reported that over 250,000 businesses utilise the service each month for global payments, money exchange, and spending management. Revolut stated that the unit is currently adding an average of more than 20,000 businesses each month.
Following an investment of over £100m in customer growth initiatives for Revolut Business in the past 12 months, Revolut has unveiled Billpay, a product aimed at saving companies time in managing and paying bills, as reported by Next Page
