Revolut, a digital only bank that says it is signing up over 120 businesses per day, has launched a new services for their business customers – Revolut Connect. This new feature is described as an “App store” for businesses to help provide easier access to digital tools.
With more than 60,000 businesses uses their bank now, Revolut Connect is designed to help firms easily connect and build integrations for the most popular business apps, including accounting platforms like FreeAgent, communication tools like Slack, Apps to help with tax, payroll, expense management and more. Revolut adds that many more popular Apps are in the queue. Revolut wants to create a one stop mobile experience where businesses may manage all of their financial needs in a single mobile friendly application.
Revolut says it has listened to customer feedback and built Revolut for Business to help companies automate and simplify their workflows. Pointing to data control, when businesses use Revolut Connect to integrate with a third-party app, they may decide what data can be shared or stop sharing at any time.
Revolut proudly boasts that users can set up an app-based current account in just 60 seconds, spend abroad in over 150 currencies with no fees, hold and exchange 25 currencies in-app and send free domestic and international money transfers with the real exchange rate. Contrast that to your traditional, High Street bank.