Revolut to Launch Business Credit, Adds 40,000 Businesses Monthly
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Two years after Revolut’s launch, its Business segment quietly emerged in 2017 and has steadily become a core part of the bank’s operations. Today, Revolut Business contributes 15% of total revenue, attracts 40,000 new business customers each month, and serves “hundreds of thousands of business customers.”
The digital bank has now announced plans to launch credit products for enterprises by the end of the year. “It’s the natural next step, as we are a bank and France is an obvious market to launch it in, as it’s one of our core countries. We also want to launch other investment products – bonds, ETFs, especially for large companies that want to invest their cash, and fixed-term accounts,” said James Gibson, CEO of Revolut Business.
This comes after Revolut Business launched its new savings account last week in France, the Netherlands, Ireland, and Lithuania, offering daily interest of up to 2%. Revolut Business's goal is to give businesses alternatives to leaving funds idle or moving them into riskier products. “These rates are among the best on the market,” said Gibson, highlighting the account’s role in keeping business capital both active and secure.
As competition intensifies — with Qonto, Memo Bank, and Vivid expanding rapidly — Revolut is fine-tuning its local offering. Features like French IBANs, SEPA B2B direct debits, payment terminals, and new accounting integrations are designed to meet the evolving needs of businesses on the ground.
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DIGITAL BANKING NEWS
🌍 Revolut Business announced the launch of a high-yield savings account offering up to 2% interest in four countries: France, the Netherlands, Ireland, and Lithuania. According to James Gibson, CEO of Revolut Business, credit products, term deposits, and investment options like bonds and ETFs are also on the way later this year.
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