London-based fintech startup, Revolut, has announced the launch of acquiring for Revolut Business customers at Web Summit 2020. Revolut’s move into acquiring will see the company compete with market incumbents Stripe, Adyen, or Checkout.com.
What will Revolut offer with its new acquiring solution?
Revolut Business is the business account from fintech super-app Revolut. It was launched in July 2017 across the UK and Europe and currently has over 500,000 business customers worldwide. According to the company, it helps customers get more from their business account with powerful tools that provide total control over their business’ finances.