Revolut Enterprise has launched Versatile Money Funds in Singapore, providing corporations a option to earn each day returns on idle balances by means of low-risk cash market funds.
Obtainable on Develop, Scale, and Enterprise plans, the function supplies as much as 4.48% APY (variable) on USD and helps as much as 100 funds throughout GBP, EUR, and USD with no minimal or most funding limits.
This marks Revolut Enterprise’s first product of its type in Singapore.
Clients can add or withdraw funds inside two enterprise days with out charges or restrictions beneath regular market situations and assign entry controls for crew members.
Globally, Versatile Money Funds handle over US$500 million in belongings.
Since launching in August 2024, Revolut Enterprise has recorded a 125% soar in sign-ups in its first quarter and a median quarterly progress of greater than 50%.
The crew plans to broaden its headcount ninefold by the tip of 2025, supported by a sturdy product pipeline that features upcoming options reminiscent of service provider buying options.
Latest updates embrace CNY SWIFT transfers for worldwide funds, and new integrations with QuickBooks and NetSuite to streamline accounting.
Revolut has additionally expanded its partnership with Sabre, enabling journey companies to situation Revolut digital playing cards instantly throughout the Sabre Digital Funds platform.
Revolut Enterprise additionally integrates with Xero and FreeAgent.
James Gibson, Head of Revolut Enterprise stated,
“At Revolut, we’re relentless in our mission to simplify monetary administration. For Revolut Enterprise, which means serving to corporations make investments effectively and develop with confidence.
Our Versatile Money Funds are designed to help that objective—enabling companies to strengthen their capital base and plan for future enlargement. Via Versatile Money Funds, we’re proud to earn a living market funds accessible to corporations of all sizes, not simply giant asset managers or these with substantial reserves.”
Ashley Thomas, Head of Technique & Operations at Revolut Singapore stated,
“Revolut Singapore has seen sturdy momentum within the retail house and we’re effectively on monitor to copy this success within the B2B house.
Now we have our ears near the bottom, all the time listening to our prospects and continually in search of methods to boost our choices to higher serve their wants. We’re humbled by the unbelievable progress we’ve seen up to now and we all know that that is solely the start.”
Featured picture: Edited by Fintech Information Singapore, based mostly on picture by ilygraphic by way of Freepik
