A stepping stone between the Revolut Consumer and Revolut Business apps.
Image source: Revolut Pro.
Today, Revolut is launching Revolut Pro, a set of business tools and a dedicated business bank account for freelancers and freelancers, all from its familiar retail app.
The move blurs the line between Revolut’s consumer app (used by some 20 million users) and its more advanced Revolut Business app (used by more than 500,000 businesses and freelancers).
As well as a free business bank account, Revolut Pro includes a dedicated IBAN and a 1% cashback debit card, allowing freelancers to easily segment their work earnings without the need for a separate app.
The fintech says those with ‘advanced needs’ can still use Revolut Business, which offers Free, Professional (£7/mo) and Ultimate (£25/mo) tiers with higher levels of payments, processing cards and account management available.
“The explosive increase in the number of gig workers, entertainers, bloggers and more, alongside more traditional individual occupations including private teachers, home service providers and salon salespeople, has spurred the calls for better methods for those working on their own projects, whether full-time or part-time, to manage income and expenses,” said Maria Marti Garcia, Revolut Pro product owner.
Initially, Revolut Pro will be available in the UK and seven other European countries, with plans to roll it out to other EEA markets soon.
Revolut Pro is also linked to the recently launched Revolut Reader, the fintech’s in-person card terminal that rivals Zettle and SumUp.
Customers can sign up for Revolut Pro in just two minutes and start using Revolut Reader, without having to go through the application process to join the more advanced Revolut Business.
Ultimately, Revolut Pro appears to be a new stepping stone placed between Revolut’s consumer and pro products, hopefully paving the way for more independent users and fintech workers to eventually transition to its dedicated Revolut Business offer.