Revolut’s business banking thrives as it hits 500k SME customers

Revolut Business launched 3 years ago and has been very successful so far. Today the company announced that it’s business banking option has hit a new milestone of 500,000 customers.

Read also: Revolut Business now works with Clear Books

Revolut Business has launched several new products, updated its interface and navigation, added more mobile functionality, and launched a dark mode for mobile apps to celebrate the occasion.

Revolut Business is also looking to expand into US and Australian markets, making it easy for businesses to move money between continents without the hassle.

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“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,” said Nik Storonsky, Revolut’s CEO and founder.

“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.”

During this year Revolut Business has launched various new products including Debit cards, instant EUR payments, INR transfers, Direct Debits, Expense Management, Open Banking so businesses can link their other accounts.

For example, in Revolut launched its Open Banking feature in Italy last month. The feature allows Revolut’s customers to connect their Intesa Sanpaolo, UniCredit, UBI Banca, Banco BPM, Poste Italiane bank accounts to Revolut, so they can see their balances and transactions in one app.