Revolut bets on Aussie SMEs as it pushes beyond travel cards
Revolut is expanding in Australia, targeting SMEs and gaps in local banking as it shifts from a travel card to a financial platform.
Revolut is making a banking push into Australia, aiming to become more than a travel card. And it’s betting that gaps in the local banking system will be something it can fill, especially for SMEs.
The UK-founded fintech, best known for its multi-currency accounts and low-cost foreign exchange, now counts around one million Australian users. It’s also repositioning itself as a full-service financial platform.
Globally, that transition is already underway.
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