New banks

Growing distribution for its business accounts, Revolut partners with WeWork

  • Challenger banks are looking aggressively to expand distribution.
  • Deals like this one help Revolut get in front of its target audience.
close

Email a Friend

Growing distribution for its business accounts, Revolut partners with WeWork

Fast growing challenger bank Revolut is hungry for distribution. The UK upstart may be signing up hundreds of businesses every day for its Revolut for Business accounts, but it wants more.

Revolut is partnering with WeWork so that Revolut for Business account holders get 3 months free hot-desk space at a WeWork of their choice.

Deals can boost distribution:  WeWork provides more than 400,000 members around the world with workspace and services through both physical and virtual offerings. The shared workspace leader rents office space primarily to startups, freelancers and small businesses — Revolut’s target audience for its business accounts.

“We’re delighted that through our exciting collaboration with WeWork, companies and freelancers using our next generation business accounts will be able to build and grow in WeWork’s beautiful workspaces, saving so much time and money in the process,” said Jamie Devlin, head of business development at Revolut.

Revolut for Business?: Revolut’s core banking product is free and aimed at consumers. The challenger bank also offers Revolut for Business, a premium account that offers a multi-currency current account, instant money transfers, and prepaid business cards.

Revolut claims it has 80,000 Revolut for Business customers paying a minimum of £25 each month.

0 comments on “Growing distribution for its business accounts, Revolut partners with WeWork”

New banks

‘Our ultimate goal is to be number one in the U.S.market’: Behind Temenos’ new push in the US with Jacqueline White, president of the Americas

  • Jacqueline White joined Temenos as president of the Americas at the beginning of 2021.
  • She joins the podcast to talk about what she's seeing in the market and her plans for growing the software firm's footprint in the U.S.
Zachary Miller | March 23, 2021
New banks, Podcasts

‘Ever since I dreamed up Greenlight, investing was always part of it’: Tim Sheehan on the launch of Greenlight Max

  • Greenlight is a quickly-growing financial app targeting teens and their parents.
  • The company just released investing technology to help kids learn good habits of investing by doing it.
Zachary Miller | March 17, 2021
New banks

How fintechs are working with banks to make them more green

  • The financial ecosystem seems to be getting greener.
  • Can fintechs help banks provide greener financial solutions?
Rivka Abramson | March 15, 2021
New banks

‘The financial industry was not built to serve the needs of melanated people because we were excluded from its construction’: Visa partners on crypto with First Boulevard

  • Visa partnered with digital bank First Boulevard for the anticipated launch of its crypto API pilot program.
  • The challenger bank which is focused on increasing financial inclusion for the Black community will enable its customers to purchase, trade and custody digital assets.
Rimal Farrukh | February 25, 2021
New banks

‘It’s difficult for a smaller, local bank to compete against the mega banks’: Inside Trustco Bank’s evolving digital experience

  • New York’s Trustco Bank recently implemented a digital banking platform to improve customer user experiences.
  • The local bank has witnessed over a 50 percent increase in mobile deposits.
Rimal Farrukh | February 11, 2021
More Articles