Revolut has officially launched its dedicated business platform in New Zealand, expanding its financial services footprint across the Asia Pacific region.
The rollout of Revolut Business follows a period of retail growth for the fintech company in the local market, where its financial year 2025 revenue increased by 99% year on year.
Globally, the platform supports more than 800,000 businesses and recently surpassed an annualised revenue of NZD 1.65 billion.
The platform enters a local financial sector where incumbent banks hold a dominant position, with a market share estimated at over 90%.
According to the company, local SMEs frequently face operational hurdles. These include mandatory branch visits, fragmented software systems, and high international remittance fees that average 3.9%.
To address these pain points, the platform unifies core financial workflows into a single digital system.
Local companies can access multi-currency accounts that support transaction acceptance and settlement in 39 currencies, utilising interbank foreign exchange rates during market hours to lower cross border transaction costs.
The service provides a fully digital onboarding experience designed to reduce traditional onboarding times and manual paperwork.
Businesses can manage corporate spending through physical and virtual cards. They can also use automated approval workflows and receipt capture tools. This helps them track expenses in real time.
The system also connects directly with accounting software such as Xero to streamline financial reporting.
Georgia Grange, Head of New Zealand at Revolut, said:
“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 have built Revolut Business to remove that friction.”
The service is available to New Zealand companies immediately under a scalable subscription structure that includes basic, grow, scale, and custom enterprise plans.
Featured image credit: Edited by Fintech News Australia, based on image by Revolut and Frolopiaton Palm via Magnific
