Revolut adds invoice tool for business customers as it edges closer to becoming a ‘super app’

By Aisling Finn on Tuesday 25 May 2021

Digital Banking

Invoices created using the new tool are automatically reconciled, reducing time spent on administrative tasks for businesses.

Revolut adds invoice tool for business customers as it edges closer to becoming a ‘super app’
Image source: Revolut

Revolut is one step closer to becoming an all-encompassing banking platform for its business customers.

The fintech has today added an invoice tool, enabling its users to send professional invoices simply from their Revolut Business account.

Revolut’s new tool was one of the most highly requested features from its customers and will help its users get paid faster directly into their Revolut Business accounts. 

“We chose to add Invoices after hearing numerous requests from customers that this tool would save them time, cut back on administrative tasks and make their lives a whole lot easier. So we have done just that,” Thibaut Genevrier, head of product at Revolut Business acquiring said. 

“We want our customers to get more from their business accounts, and with Invoices, customers can now handle all their finances from one place, from invoicing customers, to accepting payments, reconciling, and managing everything seamlessly.”

Using the new tool, business customers can send personalised professional invoices directly to their customers, providing a branded, easily downloadable PDF for their clients.

Invoices made with Revolut’s new tool can also be paid by various payment options, including card payments, bank transfers and Apple Pay.

Business users can also track and monitor the progress of their invoices, from creation to finalising the documents, by using real-time tracking and notifications. 

The new tool will also help to reduce the time spent on administrative tasks as all invoices generated through the new add-on are automatically reconciled once completed.

Revolut’s latest addition comes just days after the banking service added FX forwards for its business customers here in the UK.

Business users can now set future exchange rates online, at any time, and are able to get a fixed FX rate for a set amount and date in the future through the Revolut Business web app.

The fintech has been adding new features to its ‘super app’ as of late for both its business and regular customers.

Most recently, Revolut added QR code payments for its business customers, allowing users in 25 countries to use the socially distanced payment method. 

Earlier this month, the fintech also launched a new web extension to help its users save while they shop online and expanded its cryptocurrency offering thanks to an integration with Elliptic’s cryptocurrency compliance tools.

AltFi also exclusively revealed that Revolut would soon allow paying Metal customers to get beta access to transfer their Bitcoin holdings out of its app.

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