Stripe, a financial infrastructure platform for businesses, announced that Revolut will use Stripe to support payments in the UK and Europe and accelerate its expansion into new markets.
After launching in the UK with money transfer and exchange services, Revolut 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 said that it will soon launch in Mexico and Brazil.
The company 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.
Stripe and Revolut will also explore opportunities to deepen their collaboration and deliver innovative new payments products.
“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.
“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’s Revenue and Growth Lead at Stripe.
Featured image credit: Edited from Unsplash
