Revolut is offering employees across all departments 1,000 pounds (about $1,330) if they bring businesses to the digital bank as it expands its business banking offerings, Bloomberg reported Friday (May 15), citing a memo sent to staff by Revolut CEO Nik Storonsky.
Storonsky also said in the memo that the FinTech company plans to offer business banking alongside retail in the new markets it enters in 2027, launch credit products for businesses next year, and add a dedicated business growth and onboarding department, according to the report.
“Many legacy banks treat B2B as a stagnant side-bet, but we are making it P0 [priority zero] to supercharge our growth and valuation,” Storonsky said in the memo, per the report.
Reached by PYMNTS, Revolut declined to comment on the report.
Revolut said in an annual report released in March that it earned record profits last year, with profits of $2.3 billion and revenues of $6 billion.
“2025 was another landmark year,” Storonsky said in a press release announcing the annual report. “We have built a diversified, resilient business that is profitable at scale, providing the foundation for our next phase of growth.”
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Revolut said in its annual report that during 2025, its business customer base increased 33% to 767,000, its Revolut Business segment accounted for 16% of the company’s income, and Revolut Business made up $365 billion of the firm’s total transaction volume.
“Revolut Business was once again a key contributor to growth,” Revolut Chair Martin Gilbert wrote in the annual report. “This year, revenue increased by 53%, as more companies adopted Revolut to manage global payments, spend and financial operations in a single, integrated environment.”
It was reported in April that Revolut is targeting a valuation of $150 billion to $200 billion in its eventual public listing. Its most recent funding round in November valued the company at $75 billion, up from $45 billion in 2024.
A day before that report, it was reported that Storonsky said an initial public offering for the digital bank might not happen until at least 2028. The report said Storonsky’s comments ended speculation that the company could go public as soon as this year.