Revolut Business expands services to sole traders in Australia to better serve businesses and unlock greater market potential
Revolut, the global financial superapp with more than 40 million customers worldwide, have announced the extension of its Revolut Business product in Australia to include sole traders. This expansion marks a significant milestone in Revolut’s mission to provide fast, affordable, and efficient financial solutions to businesses of all sizes, empowering them to thrive in the global marketplace.
Sole traders represent approximately one-third of the total Australian business economy. By launching its business feature for sole traders, Revolut will significantly increase its addressable market in Australia by approximately 60%.
The decision to offer services to sole traders comes as a result of market validation, with over 4,000 sole traders registering to the platform since the launch of Revolut Business in Australia.
Revolut Business provides businesses with a suite of features, including multi-currency accounts, virtual and physical debit cards and real-time spending reports. With the addition of sole trader accounts, individuals can now leverage these tools to streamline their finances, make informed decisions, and gain better control over their money.
James Roberts-Thomson, Head of Revolut Business Australia, stated, “Australian businesses are seeking modern payment services. We’re thrilled to introduce a seamless and cost-effective solution tailored to businesses of all sizes. Our aim is to empower Australian businesses, enabling them not just to survive, but to thrive in today’s dynamic market landscape, by saving them time and money.”
Revolut Business aims to democratise access to financial services and promote financial literacy among sole traders in Australia. By offering innovative solutions tailored to their needs, Revolut Business seeks to empower sole traders to achieve their financial goals and unlock new opportunities for growth.
For more information about Revolut Business and its services for sole traders, visit Revolut Business.
