Revolut is offering employees GBP 1,000, about $1,355, for each business customer they refer as the fintech prepares to pitch banking services to FTSE 250 companies, according to the Financial Times. The FTSE 250 reference describes Revolut’s target customers. It does not mean the private company is joining the index.The scheme gives Revolut Business an internal sales network as it moves beyond the smaller companies that built its customer base. The division produced GBP 708 million in 2025 revenue, but selling to listed companies requires more than payments and expense cards. Corporate treasurers also expect credit, cash management, controls and service capacity that can withstand board and audit scrutiny.
What the GBP 1,000 Referral Scheme Does
Employees receive the payment when they refer a business customer, according to the report. Revolut has not publicly disclosed whether the reward requires an account to open, generate revenue or remain active for a minimum period. It also has not said whether the same amount applies to a small company and a listed corporate.The payment is best understood as a distribution incentive rather than a public customer promotion. It turns employees’ professional networks into prospecting channels at a time when Revolut is hiring staff from established banks to add corporate-banking experience. That approach may produce introductions, although winning a FTSE 250 mandate still requires procurement, compliance and treasury approval.
Revolut Business Targets One Million Clients
Revolut Business now has about 800,000 customers and aims to reach one million globally by 2027. Its 2025 revenue increased 53% to GBP 708 million from GBP 463 million, accounting for roughly 16% of group revenue. Business transaction volume reached GBP 277 billion, up 56%.The year-end annual report counted 767,000 business customers, up 33%, while the more recent figure rounds the installed base to 800,000. Revolut’s wider growth provides the distribution behind the push: FinanceFeeds previously reported that it added nearly 15 million customers in 2024. Founder and Chief Executive Nik Storonsky has linked the UK bank rollout to a stated ambition of reaching 100 million customers.
The UK Licence Is Full, but Corporate Credit Is New
Revolut is no longer in the UK banking mobilisation or testing phase. The Prudential Regulation Authority granted restricted authorisation in July 2024 and removed those restrictions in March 2026, allowing Revolut Bank UK to accept protected deposits and lend. Describing the licence as still being tested would now be inaccurate.The commercial rollout remains at an early stage. James Gibson, Head of Revolut Business, said: “You can’t just go ‘bang’ . . . you’ve got to have credit underwriting models.” Revolut has not provided a timetable for corporate lending or named a FTSE 250 prospect. Its gradual approach matters because working-capital facilities can determine whether a treasurer consolidates payments, deposits and borrowing with one provider.The licence also raises the stakes around controls. FinanceFeeds has covered both Revolut’s expansion into account-to-account merchant payments and the fraud complaints attached to its UK scale. Large corporate mandates will test resilience, financial-crime systems and support alongside product speed.
A Dual Listing Remains Under Consideration
Revolut is considering a dual listing in London and New York, but it has not announced an IPO timetable. A reported dual-listing plan cited a $75 billion valuation. That figure is not a confirmed IPO price; it also corresponds with the valuation established through a 2025 secondary share sale.Storonsky had prioritised completing the UK bank launch before turning fully to a listing. Full authorisation removes one regulatory uncertainty, while the next test is whether Revolut can convert its licence and customer reach into deposits and lending relationships that public-market investors can value against established banks.
What Incumbent Banks Could Lose
If the strategy works, Barclays, HSBC, Lloyds and NatWest face pressure beyond account fees. A corporate banking relationship can carry payment flows, foreign exchange, deposits, cards and credit, creating several revenue lines from one client. Revolut already has the payments technology and cross-border proposition; lending and relationship coverage are the missing pieces.The same expansion fits the broader race to combine more financial products on one platform. The GBP 1,000 referral reward may be the visible tactic, but the harder measure is mandate conversion. Client wins, corporate deposits, lending balances and revenue per business customer will show whether Revolut can move upmarket or merely generate a larger prospect list.
By admin
10935 views