← Embedded Finance Index 2026

Revolut Business

“Can Revolut Business become the all-in-one financial OS for SMEs globally by leveraging its multi-currency banking infrastructure, merchant acquiring data, and embedded credit to displace traditional business banking at scale?”

Founded2015
HQLondon, England, United Kingdom
Founders Nikolay Storonsky, Vlad Yatsenko
Total raised~$1.7B+ (primary rounds)
Latest roundSecondary share sale, 2025
Valuation$75B (secondary, 2025)
IndustryFintech / SMB banking
The story

Founded in 2015 as a consumer prepaid card and currency exchange app, Revolut launched Revolut Business in 2017 as a multi-currency business account targeting startups and SMEs. Obtaining an EU banking licence via Revolut Bank UAB in Lithuania in 2021 shifted the model from e-money to regulated banking, unlocking credit and deposit products. By 2025, CEO Storonsky declared business banking 'P0' priority, with the B2B segment contributing ~20% of gross profit and growing 53% year-on-year, as Revolut builds toward a $150-200B IPO targeting an embedded financial OS for SMEs globally.

Last 12 months
2025-01
2025-05
2026-05
2026-05
Product timeline
2015
Revolut launched as a prepaid card and currency exchange app for consumers.· banking
2017
Revolut Business launched, offering multi-currency business accounts to SMEs.· banking
2019
Revolut expanded into stock trading, crypto, and business expense management features.· banking
2020
Launched QR code payment acceptance for business customers enabling socially distanced payments.· banking
2021
Revolut Bank UAB received a European banking licence in Lithuania, transitioning business customers in EEA to a licensed bank entity.· banking
2024
Revolut Business surpassed 800,000 business customers and expanded merchant acquiring to new markets including Australia.· banking
2025
CEO Nik Storonsky designated business banking as 'P0' priority, targeting aggressive growth toward becoming the largest bank in the world.· pivot
Regulated entities
3
regulatory licences held by Revolut Business
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
Same company
Revolut Business was analysed under more than one name on the same domain, so its stack is split across these dossiers. Each was analysed independently and may name providers the others do not.
Revolut4 layers →
The stack
7 layers disclosed in Revolut Business’s embedded-finance stack
Payments / PSP
Revolut Payments (self-operated)
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
FX & payouts
in the full report
Accounting
in the full report
Accounting gap: minor
8 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.