Revolut, a global online bank with over 45 million customers, has announced that its Revolut Business division generated more than €450 million in annual revenue. In France alone, monthly transactions processed by Revolut Business reach €860 million.
This announcement coincides with Revolut's ongoing global expansion, including the recent launch of Revolut Business in Singapore. This new service is designed to meet the needs of businesses operating in Singapore, offering advanced banking solutions in a market often underserved by traditional banks. Revolut Business is now available in 40 countries, with more than 20,000 new businesses joining each month, adding to the hundreds of thousands already active.
To meet the growing demand for business banking services, Revolut has introduced Revolut BillPay. This tool integrates with major accounting software like QuickBooks, Xero, and FreeAgent, simplifying invoice management and supplier payments in over 150 destinations with just a few clicks. Revolut BillPay aims to reduce manual processes, enhance expense control, and provide businesses with comprehensive oversight of their operations, allowing them to focus more on growth.
Revolut Business is also focusing on three key areas for future innovation:
• Banking Services: Helping businesses expand into new markets by facilitating transfers to over 150 countries. Revolut Business has introduced local IBANs in several European markets, including France, to simplify and make local payments more transparent.
• Payments: The recent launch of Push-to-Card allows businesses to pay customers and contractors globally within minutes, supporting 78 countries and over 50 currencies. Businesses need only a card number and name, and users benefit from Revolut’s favorable exchange rates.
• Merchant Acquisition: Revolut Pay is being used by merchants worldwide to accept payments, with clients such as Aer Lingus and French Connection. Revolut plans to expand payment acceptance options, including a new specialized payment terminal.
In France, Revolut Business is adding an average of 1,302 new active businesses monthly, a 32.3% increase from the previous year.
James Gibson, Head of Revolut Business, remarked, “Our experience serving millions of personal customers has driven significant growth in Revolut Business. We’re making substantial progress toward becoming the leading financial automation system for businesses and are ready to revolutionize banking for even more companies worldwide.”
