Stripe, a financial infrastructure platform for businesses, today announced that Revolut will use Stripe to support payments in the UK and Europe and accelerate its expansion into new markets.
Founded in 2015, Revolut has rapidly become one of Europe’s great fintech success stories. After launching in the UK with money transfer and exchange services, the company now offers dozens of products—from accounts and insurance, to trading and invoicing—that improve money management for 18 million customers and 500,000 businesses in more than 200 countries and territories.
Revolut has ambitious growth plans through the current slowdown and will soon launch in Mexico and Brazil. Revolut will leverage Stripe’s infrastructure and international footprint to enter these and other new markets more efficiently, and offer its customers a seamless payment experience that matches their local payment preferences.
“Revolut builds seamless solutions for its customers. That means access to quick and easy payments and our collaboration with Stripe facilitates that. We share a common vision and are excited to collaborate across multiple areas, from leveraging Stripe’s infrastructure to accelerate our global expansion, to exploring innovative new products for Revolut’s more than 18 million customers,” said David Tirado, vice president of business development at Revolut.
Stripe and Revolut will also explore opportunities to deepen their collaboration and deliver innovative new payments products.
“Revolut and Stripe share an ambition to upgrade financial services globally. We’re thrilled to be powering Revolut as it builds, scales, and helps people around the world get more from their money,” said Eileen O’Mara, EMEA revenue and growth lead at Stripe.