Digital bank Revolut announced on Thursday it has reached a new milestone by signing up a total of 500,000 business customers. The company noted that the milestone demo states considerable growth of its Revolut Business since it made its debut in July 2017.
Along with revealing details about the latest milestone, Revolut shared that the past 6 months, Revolut Business has rolled out a suite of new products, which includes Debit cards, instant EUR payments, INR transfers, Direct Debits, Expense Management, Open Banking so businesses can link their other accounts, and Rewards to give them discounts on key services and integrations with a number of key partners including Quickbooks, Bullet HQ, and Clear Books.
Revolut also noted that Revolut Business has launched several new products, updated its interface and navigation, added more mobile functionality, and launched dark mode for mobile apps. Revolut Business is also looking to expand into U.S. and Australian markets, making it easier for businesses to move money between continents. Speaking about the latest milestone and new features, Nik Storonsky, CEO and Founder of Revolut, stated:
“We’re delighted to be helping businesses save money and time – and we felt that the milestone called for us to celebrate with a fresh look. The new structure of our Revolut Business web and mobile apps paves the way for some really exciting products we have in the pipeline. We can’t wait to take business accounts to the next level.”
Revolut added new updates include more Connect integrations, more Linked Accounts opportunities, more local account details, acquiring tools, key updates to subscriptions and expenses, a newly revamped Savings & Rewards, and more options for company cards.