💪 Revolut Launches Standalone App for Asset Management

💪 Revolut Launches Standalone App for Asset Management

The new app is called Revolut Invest and is designed to expand its customer base. Currently, it has 3 million active traders and 20,000 users of its premium subscription Trading Pro in the investment segment.

👉 User Benefits:
• Access to 5,000 assets, including U.S. and European stocks, ETFs, commodities, and bonds.
• Contracts for difference (CFD).
• New investors do not need to be Revolut Banking customers to use Revolut Invest.

👉 The app offers a Trading Pro subscription, which provides lower commissions, higher limits, and in-depth analysis.

👉 Currently, Revolut Invest is being tested in Greece 🇬🇷, Denmark 🇩🇰, and the Czech Republic 🇨🇿.

👉 Ambitious Plans: Revolut aims to double the number of available investment options within the next 3 months. The British-Lithuanian fintech plans to roll out the app across more Eurozone countries, as well as in the UK 🇬🇧, U.S. 🇺🇸, Singapore 🇸🇬, and Australia 🇦🇺, where it already holds operating licenses.

👉 Tough Competition: The new app will face stiff competition from Robinhood, eToro, Trade Republic, and Scalable Capital, as well as traditional financial institutions.

#news #Europe #global

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