(30 March 2021 – United Kingdom) Revolut Business has recently launch in the United States (US) market to expand its financial service offering to Small and Medium-sized Enterprises (SMEs).
Once the firm’s US banking licence has been approved, it will be able to support SMEs in virtually all business banking requirements.
The firm will also provide free instant money transfers between companies that are already registered with Revolut Business, as well as foreign currency accounts and cash management tools.
“Small and medium-sized businesses are massively underserved in the US, and we want to empower them with the tools to grow and scale globally” Revolut CEO, Nik Storonsky
“Tackling fragmented processes, high fees, and other business banking pain points, we built an end-to-end solution that saves business owners time and resources to focus on what really matters — running their business” Mr Storonsky added.