Revolut launches its business app and hands out 10,000 free corporate cards
Revolut business customers can finally manage their account from a dedicated app.
Revolut has launched a dedicated app for its business account customers. Up until now, Revolut’s business account could only be accessed from an online portal.
With the new app, Revolut’s business customers will be able to track their spending in real-time, get instant notifications whenever they use the card, and block it instantly if it gets lost or stolen. Revolut said that it’s working on a bunch of other features, including attaching receipts and a smart categorisation of payments.
Revolut for Business launched in 2017 with the plan of making it easier and quicker for businesses, especially small and medium ones, to sign up for a business account. It can be done online in a few minutes and the account comes with 24 different currencies, instant money transfers, prepaid cards for employees and a series of perks, including three months of free hot desk with co-working space company WeWork.
The absence of a dedicated app for business banking was quite a significant weak spot for Revolut, who relies heavily on the flexibility of app-based banking when it comes to marketing its card for personal use.
Revolut is also handing out 10,000 corporate cards for free to its business customers (it usually charges a £6 delivery fee). If you are a Revolut for Business customer, you can request the extra card from your online portal.
Jamie Devlin, head of product at Revolut for Business, told Finder that together with the business app and the expense management feature, in 2019 Revolut is also planning a feature that will make it easier and cheaper for businesses to accept payments.
“We’ll be able to offer customers, at a competitive price, an end-to-end solution – so that they can take payment from customers, manage it in their account, process it and send it where it needs to go at a fraction of the cost that it costs currently, in a completely integrated fashion,” Devlin said.