Revolut launches Revolut Business in New Zealand to disrupt legacy providers and back Kiwi SMEs
From today, Kiwi businesses can open a business account online to access multi-currency accounts, interbank FX rates, and smart spend management and controls via Revolut Business
Revolut Business aims to tackle high fees, branch-heavy onboarding, and fragmented tooling offered by traditional banks
New Zealand businesses will be able to manage essential functions like accounts, cards, supplier payments and expense management within a single system, eliminating the need for multiple providers.
AUCKLAND, New Zealand- 23 June - Revolut, the global financial app with more than 75 million customers worldwide, has today announced the official launch of its dedicated business platform Revolut Business, in New Zealand.
The New Zealand rollout significantly expands Revolut Business's APAC footprint, building on its status as a global B2B fintech powerhouse with annualised revenue recently surpassing $1.65 Billion NZD and supporting over 800,000 businesses worldwide. This expansion follows a period of strong local retail momentum for Revolut, which recently celebrated its strongest financial year to-date in New Zealand with FY25 revenue surging 99% year-over-year.
Revolut Business offers an automated, all-in-one financial platform to boost business productivity and counter the high costs and friction in New Zealand's financial sector, which is dominated by incumbent banks holding over 90% share. NZ SMEs face issues like required branch visits, high international remittance fees (avg. 3.9%), large FX markups, and fragmented software. Revolut Business combats this with a 100% digital, frictionless onboarding process and a single platform.
Redefining Business Finance for New Zealand SMEs
Revolut Business is set to become New Zealand's first platform to unify core business finance workflows; including spend management, approvals, team controls, and accounts, with interbank foreign exchange. For the first time in New Zealand, SMEs will be able to manage essential functions like payroll, cards, and expense management within a single system, eliminating the need for multiple providers. This centralised approach enables faster onboarding, reduces the number of tools required, and minimises FX leakage, ultimately saving Kiwi businesses time and money.
Revolut Business offers a fast, transparent alternative built on modern digital infrastructure. The vertical aims to not just manage business’ money but also become their operating system for growth. Revolut Business fuels expansion through automation, control and borderless scale. Key features available to Kiwi businesses at launch include:
Digital Onboarding: Eliminating traditional weeks-long wait times, manual processing, and the branch visits or manual callbacks required by 4 out of 5 local incumbents, Revolut Business provides a fully online onboarding experience
Simplified Global Money: True multi-currency accounts supporting acceptance and settlement in 39 currencies. Local businesses can send and receive money globally using transparent interbank FX rates (within plan allowances, during market hours), bypassing traditional 2% to 5% bank margins and fixed $5–$35 transfer fees.
Smarter Spend Management: Businesses can manage spending effectively with both physical and virtual corporate cards, compatible with Apple Pay and Google Pay. Real-time spend tracking is enabled through features like in-app OCR receipt capture and detailed analytics. To streamline management, the solution offers automated and customisable approval workflows, alongside customisable spend limits.
Seamless Local Integrations: Direct, native accounting integrations with Xero to eliminate manual spreadsheets and automatically match expenses to policy controls.
Georgia Grange, Head of New Zealand at Revolut, said: “We’re excited to build on the great momentum our retail product has seen since launching for Kiwis in 2023. We understand New Zealand’s SMEs are globally ambitious, but many are still dealing with slow onboarding, fragmented financial management tools, and expensive international payments. We’ve built Revolut Business to remove that friction: giving businesses a faster, more flexible way to manage money locally and internationally, all from a single platform.”
James Gibson, Global Head of Revolut Business, said: “We’re thrilled to officially launch Revolut Business in New Zealand. This product has established a proven growth trajectory globally, consistently outperforming traditional options to become the primary choice for fast-growing companies and startups. New Zealand businesses can now access world-class, battle-tested financial infrastructure through our platform, which processes over NZD $60 billion globally each month. We are committed to the New Zealand market for the long term, offering a mature, integrated alternative that empowers Kiwi businesses to scale without borders.
Transparent Pricing and Local SecurityRevolut Business introduces a scalable subscription tier model at launch, spanning Basic, Grow, Scale, and Enterprise and Custom plans. This allows local companies to select the exact feature sets, transfer limits, and support models tailored to their operational scale.
The platform ensures global-grade asset security and anti-money laundering (AML) safeguards.
New Zealand businesses can officially sign up and open an account with Revolut Business via the company’s website starting today.
About Revolut Business Revolut Business is Revolut's dedicated financial platform for companies of all sizes, combining multi-currency accounts, global payment services, and smart spending tools in a single app. Launched in 2017, the B2B vertical now serves over 800,000 monthly active businesses across more than 40 markets, processing over $60 Billion NZD in transactions every month. Part of Revolut’s global network of 75 million accounts, Revolut Business leverages advanced technology and transparent pricing to empower enterprises to cut costs, automate admin, and scale worldwide.
To learn more, visit revolut.com/en-NZ/business.
