Open a Corporate Account at Revolut

Revolut is one of the most famous fintech projects in the world, which has gained popularity due to its convenience, technology and international approach to managing personal and corporate finances. Founded in 2015, the company continues to develop rapidly, attracting millions of users around the world.

History of Revolut

Revolut was founded in July 2015 by two entrepreneurs: Nikolai Storonsky, a native of Russia with experience in investment banks Credit Suisse and Lehman Brothers, and Vlad Yatsenko, a Ukrainian developer who previously worked at Deutsche Bank. Their goal was to create an alternative to traditional banks, with an emphasis on the availability of international transfers and low fees.

From the very beginning, Revolut offered multi-currency accounts, instant transfers and currency exchange at the interbank rate - features previously available only to a limited number of clients of large banks.

What services does Revolut provide

Today, Revolut offers a wide range of financial products and services, including:

• Multi-currency accounts — users can store, send and receive money in more than 30 currencies, including USD, EUR, GBP and cryptocurrencies.
• Currency exchange at a favorable rate — exchange is carried out at the real interbank rate with no hidden fees.
• Bank cards (debit and virtual) — MasterCard and Visa cards that support contactless payments, Apple Pay and Google Pay.
• Cryptocurrencies — purchase, store and sell popular cryptocurrencies, including Bitcoin, Ethereum and others.
• Payments and transfers — instant transfers between Revolut users and international transfers with low fees.
• Expense management — spending analytics, setting budgets, 24/7 notifications.
• Investments — purchase of shares, ETFs and other assets with minimal entry amounts.
• Revolut Business is a separate platform for businesses with corporate cards, accounts, and automation of financial transactions.

Partners and licenses

Revolut operates under an electronic money institution license issued in the UK and EU countries. In 2021, the company received a banking license in Lithuania, which allows it to offer a wider range of banking products in the European Union.

Revolut partners include leading payment systems Visa and MasterCard, as well as international payment gateways and correspondent banks. This ensures high reliability and stability of transactions around the world.

Pros and cons

Pros of Revolut:

Simple and quick registration via a mobile app.

Currency exchange at the interbank rate.

Convenient tools for traveling and international transfers.

Support for cryptocurrencies and investment products.

Integration with Apple Pay and Google Pay.

Subscription levels with different sets of functions (Standard, Plus, Premium, Metal).

Cons of Revolut:

Some features are not available outside the EU and UK.

Limits on free currency exchanges at the standard rate.

The support service may be overloaded during periods of peak demand.

It is not possible to open an account for a legal entity in all countries.

IT-OFFSHORE will help you open an account in Revolut

IT-OFFSHORE provides professional services for opening accounts in fintech banks, including Revolut. We will help you prepare a full package of documents, pass verification, choose a suitable tariff plan and successfully open a personal or corporate account.

Our experts know the requirements of the Revolut system in different countries and will help you avoid typical registration mistakes. We will ensure confidentiality, legal support and technical support at every stage.

With IT-OFFSHORE, you will get not just access to Revolut, but a full-fledged financial solution adapted to your needs - be it personal finances, investments or international business.