Revolut is the safest and cheapest way to receive and send money transfers to your colleagues, clients and family
Modern business requires fast and secure cash payments, real-time cost and revenue control, sharing and digitizing the financial portfolio. If you are still wondering how to achieve this - we are delighted to share that Revolut is already in Bulgaria!
And not only that - all members and partners of ICT Cluster - Burgas will receive a promotional link with which they can order their Revolut card completely free of charge. Thus, they will be able to benefit from the leading cash payment system in Europe and in the world, to transfer money without fees and hidden terms, regardless of the currency, the bank accounts of counterparties or the state of their residence.
Revolut was founded in 2015 by Nick Stronsky and Vlad Yacenko. Its market valuation for the spring of last year was $ 1.7 billion. It offers services in 150 currencies, with its largest standard plan including zero wiretaps from ATMs up to 200 Euros, free of charge payment, transfer and transfer of funds up to € 6,000 between accounts within the system, above 0.5% of the amount, as well as transfers between bank accounts.
For the year 2017, the company reported a loss of 14.8 million pounds, and investors supporting it are Point Nine, Index Ventures, Seedcamp, Balderton Capital, and Ribbit Capital.
Since this month, Revolut the company for Digital Payments has started offering payment accounts in BGN currency. As a result, it becomes the first international player on the market to save local consumers on the use of their services. The news was announced at the FinTech Summit.
The option to open a BGN account is active today, but in order to achieve its full functionality, more steps are still needed to be done. Currently, customers receive an IBAN in a British bank, as are the other Revolut account identifiers, as funds are held in the UK. However, the possibility of providing and maintaining a BGN account makes the payment service in the country and the transfer of funds to other BGN accounts more convenient and cheap when the amounts are higher.
According to Revolut's latest data, its customers in Bulgaria are already 23 thousand, only 15 thousand in the first five months. Besides physical persons, the company also offers services to corporate clients, with an international number of consumers exceeding 4 million.
11 reasons to choose Revolut
Revolut has many advantages over traditional banking which are constantly increasing, but here are 11 of them:
- There are no charges for opening, closing account or for monthly maintenance
- Payments abroad are free of charge in more than 130 currencies
- Visa or MasterCard card with non-contact payment
- Free Euro accounts with English IBAN, British pounds with UK number and Sort Code and US dollar bill.
- Currency conversion in 25 different currencies on the real interbank rate, which is much more profitable than the card issuer applied by the bank.
- Cash withdrawal at any ATM in the world up to 200 Euro per month.
- Free local and international bank transfers worth up to 6000 Euro per month.
- Free account charging with bank transfer or instant debit or credit card.
- Free Virtual Card – You can create a dedicated virtual card to use only for Internet payments and manage its settings separately for greater security.
- Security: Revolut is under the regulation of the English Financial Regulator - Financial Conduct Authority. This means that your money is safe, even if something happens to the company.
- Sharing costs and instant translations to other Revolut users
"The partnership of ICT Cluster - Burgas with Revolut will allow us to offer modern financial technologies to the successful businesses in Bulgaria as well as among the start-up entrepreneurs in the country," said Petko Georgiev, chairman of ICT Cluster Burgas.
"For me, it is of the utmost importance to work with the serious business organizations in Bulgaria by offering them modern and effective financial solutions. It is logical to focus first on the digital sectors of the economy, something I recognize exclusively in ICT Cluster - Burgas, "said Stoycho Nedev, Revolut Ambassador in Bulgaria.
Order your free card without any taxes!