Revolut partners Stripe to accelerate global expansion
UK-based fintech Revolut has partnered with Stripe to support payments in the UK and Europe and boost its planned expansion into new markets.
Founded in 2015, Revolut launched in the UK with money transfer and exchange services and now offers various financial products including accounts, insurance, trading and invoicing.
With plans to launch soon in Mexico and Brazil, Revolut intends to make use of Stripe’s infrastructure and international presence to enter these two markets and offer local payment options.
David Tirado, vice president of business development at Revolut, says the two companies “share a common vision” and will collaborate “across multiple areas”.
Stripe and Revolut say they will also explore opportunities to “deepen” their collaboration and deliver new payments products.
In June, Revolut partnered with CRM software provider Salesforce to help grow Revolut Business.
Earlier this year, the firm also revealed it has been granted an Australian Credit Licence (ACL) by the Australian Securities and Investment Commission (ASIC), allowing it to start offering credit and lending products in the country.