Revolut Business has announced that its global revenues now exceed $500m (£380m), alongside monthly transaction volumes of £17bn.
On average, Revolut Business is adding over 20,000 companies to its platform each month, with hundreds of thousands of businesses currently active.
In response to these achievements, Revolut has expanded its innovative offerings with the introduction of Revolut BillPay. This new service comes shortly after the successful expansion of Revolut Business into Singapore, which now includes 40 live markets globally.
Integrated seamlessly with major accounting software like QuickBooks, Xero, and FreeAgent, Revolut BillPay aims to streamline the management and payment of bills. It supports transactions to suppliers in over 150 destinations worldwide, thereby reducing manual tasks, implementing robust spend controls, and enhancing operational oversight, ultimately freeing up valuable time for business growth.
James Gibson, head of Revolut Business, commented on the growth, “Shaped by our experience serving millions of retail customers, Revolut Business is growing rapidly. In the last year, we’ve made huge strides forward in our mission to be the number one finance automation system for businesses and we recently brought the product to Singapore. With the support of a significant and growing number of customers behind us, we’re aggressively doubling down on B2B and are ready to revolutionise business accounts for even more businesses around the world”.
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