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fintech/news//Bloomberg
Revolut Ltd. is offering employees across the digital bank £1000 ($1,334) to woo more businesses to bank with Revolut.
Revolut CEO Nik Storonsky is offering employees £1000 to attract new business banking clients.
KEY POINTS
Business banking will launch alongside retail in every new market Revolut enters from 2027.
Revolut is elevating business banking to its top growth and valuation priority globally.
Legacy banks often neglect B2B, but Revolut aims to differentiate by prioritizing this sector.
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Revolut Ltd. Chief Executive Officer Nik Storonsky is offering employees across the digital bank £1000 ($1,334) to woo more businesses to bank with Revolut, setting it as its highest priority to further boost the digital lender’s growth, valuation and revenue.
The financial technology firm is planning to roll out business banking alongside retail in every new market it enters in 2027, Storonsky said in a memo sent to staff globally on Friday. “Many legacy banks treat B2B as a stagnant side-bet, but we are making it P0 to supercharge our growth and valuation,” he said, using an initialism for “priority zero.”