In a latest development from the world of finance, Kiwi businesses can now go ahead and open a business account online from 23 June 2026 so as to access multi-currency accounts and interbank FX rates as well as smart spending management and controls through Revolut Business.
Revolut Business aims to solve high costs and branch-heavy onboarding as well as disorganised tooling provided by traditional banks.
New Zealand businesses will be able to handle key functions like accounts, cards, and supplier payments as well as expense management in one system and will not be required to work with several providers.
Revolut, which is the global financial app with over 75 million customers worldwide, on June 23, 2026, announced the formal launch of its exclusive business platform named Revolut Business in New Zealand.
The launch in New Zealand represents a major expansion of the APAC footprint from Revolut Business, reinforcing its position as a global B2B fintech leader with annualized revenues recently in excess of $1.65 billion NZD and serving more than 800,000 businesses globally. The expansion comes after a period of substantial momentum when it comes to local retail for Revolut, which has recently marked its best financial year to-date in New Zealand, with FY25 revenue increasing by 99% year-over-year.
It is well to be noted that Revolut Business is an automated and all-in-one financial platform that helps businesses be more efficient and assists in addressing high costs and friction in the financial sector of New Zealand, which is largely controlled by the incumbent banks with more than 90% share. NZ SMEs face mandatory branch visits, excessive international remittance fees with an avg. of 3.9%, and large FX markups, as well as fragmented software.
Revolut Business is meeting the challenge with a frictionless, fully digital onboarding experience combined with a single platform.
New Zealand SME Business Finance Reimagined
Revolut Business will be the first platform in New Zealand to combine basic business finance workflows such as spend management, team controls, approvals, and accounts with interbank foreign exchange. For the first time in New Zealand, SMEs are going to be able to run critical functions such as payroll and cards as well as expense management in one system, rather than having to use a range of providers. This centralized approach means a quicker onboarding experience, fewer tools needed and less FX leakage, in turn saving Kiwi businesses both money and time in the process.
Revolut Business is a fast and transparent alternative with a modern digital infrastructure. The vertical wants to not only manage the money of the business but also serve as their operating system for expansion. The expansion of Revolut Business is driven by automation, control, and limitless scale.
When launched, Kiwi businesses will be able to use essential characteristics such as the following –
- Digital onboarding – Revolut Business delivers a completely digital onboarding experience, removing the standard weeks-long wait times and manual processing as well as the branch visits or manual callbacks that 4 out of 5 local incumbents require
- Simplified Global Money – Complete multi-currency accounts with acceptance as well as settlement in 39 currencies. Local businesses may send and receive money worldwide at open and transparent interbank FX rates as per the plan allowances during market hours, avoiding the conventional 2% to 5% bank margins and fixed $5–$35 transfer fees.
- Smarter Spending Management – Manage spending efficiently with physical as well as virtual corporate cards that work with both Apple Pay and Google Pay. Features such as in-app OCR receipt capture and advanced analytics allow for real-time spend tracking. The solution also offers automated and customizable approval processes and customizable spend limits for easier management.
- Native Local Integrations – Direct and native accounting integrations with Xero to remove spreadsheets that are manually created and seamlessly match expenses to policy controls.
The Head of New Zealand at Revolut, Georgia Grange, said that “We’re excited to build on the great momentum our retail product has seen since launching for Kiwis in 2023. We understand New Zealand’s SMEs are globally ambitious, but many are still dealing with slow onboarding, fragmented financial management tools, and expensive international payments. We’ve built Revolut Business to remove that friction: giving businesses a faster, more flexible way to manage money locally and internationally, all from a single platform.”
According to the Global Head of Revolut Business, James Gibson, “We’re thrilled to officially launch Revolut Business in New Zealand. This product has established a proven growth trajectory globally, consistently outperforming traditional options to become the primary choice for fast-growing companies and startups. New Zealand businesses can now access world-class, battle-tested financial infrastructure through our platform, which processes over NZD $60 billion globally each month. We are committed to the New Zealand market for the long term, offering a mature, integrated alternative that empowers Kiwi businesses to scale without borders.”
Transparent Pricing & Local Safety
Revolut Business is launching with a scalable subscription tier model – Basic, Grow, Scale, as well as Enterprise and Custom plans in the works. This allows local enterprises to choose the specific feature sets, transfer limits and, at the same time, support models for their scale of operations.
The platform provides global-class security of assets and anti-money laundering – AML protections.
From today, New Zealand businesses can formally sign up and create an account with Revolut Business through the company’s website.