Revolut has launched a pro account with tools for freelancers, gig economy workers, and self-employed as it continues its push of being an all-in-one financial “super app”.
The account is designed to ease the process of money management for the self-employed. Revolut claims its pro account streamlines income, payment, and expense management to make the tracking of finances easier.
Maria Marti Garcia, product owner, Revolut Pro said: “The explosive increase in gig workers, artists, bloggers, and the like alongside more traditional individual professions including private teachers, home service providers and fair vendors has driven demand for better ways for those working on their own projects, be it full time or part-time, to manage income and expenses.”
The launch of Revolut Pro is the latest example of the UK fintech’s desire to separate itself from the rest of the open banking pack that have risen to prominence over the last few years.
While the likes of Monzo, Atom, and Starling remain focused on providing banking services, Revolut has been keen to widen its offering with the inclusion of cryptoasset trading, insurance, and limited BNPL products.
Revolut, is currently in the process of applying for a UK banking licence that, if successful, will see it compete directly with the aforementioned competition.
Revolut has also struggled to gain a licence for the trading of cryptoassets in the UK, but remains on a temporary register allowing it to offer its services. Revolut received a crypto licence in Cyprus in August.
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