UK FinTech firm Revolut has widened its market presence after it rolled out a booking service for the travel industry.
According to Revolut, ‘Stays’ – which allows users to book hotels through its app – will initially roll-out in the UK with further markets expected at some point in the future.
Stays is Revolut’s first reach beyond the financial sector and will enable the app to become a competitor with firms such as bookings.com and Expedia.
Revolut head of savings and lifestyle Marsel Nikaj said, “As the world begins to cautiously open up, we know everyone is desperate to get away whenever they can — whether it’s to Margate or Mallorca. We’ve built Stays to make it easy for people to find and book their perfect break in their ideal destination. After 18 months of endless restrictions and lockdowns, we want to give people more and make their money travel further.”
Nikaj said the feature will gradually be expanded to incorporate flights, car hire and other travel options later down the line.
Revolut recently became the UK’s highest valued FinTech after its $800m Series E puts its valuation at a huge $33bn.
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