Revolut Expands Investment Options: New Stocks and ETFs for UK Customers

Let's check in on FinTech headlines from Europe and the Middle East with Polly Jean Harrison, Features, editor of the Fintech Times.

Good morning, Polly.

Great to have you back on the show.

So let's start out by looking at Revolut.

I understand that the company has introduced new stocks and ETFs to expand investment options for customers in the UK.

So tell us a little bit more about the launch.

Hello Remy, great to be back on the show.

Uh, so British Neobank Revolut has launched a new stocks and shares ISA and UK listed ETFs as part of efforts to expand investment options for their UK customers.

So through the new stocks and shares ISA, which will be available in the coming weeks, Revolut customers can save and invest up to 20,000 pounds per year tax-free.

And Revolut is also now offering access to hundreds of ETFs including Bankcard, BlackRock, and BlackRock, enabling her customers to begin investing with as little as 1 pound.

So this launch comes as Revolut is really aiming to normalize investing, recognizing that Brits have historically had a lower appetite for investing, potentially missing out on opportunities to build long-term wealth.

So with this new product suite, the neobank hopes to make it more accessible to trade, either as part of a regular trading account or with a tax efficient wrapper.

So these launches really add to Revolut's existing investment options which already enable customers to invest in homegrown UK and popular European and US companies as well.

So Revolut is also offering one-off commission free order per month.

To every customer and as well as no monthly subscription fees, which is hoping it's going to make investing a lot more affordable and accessible.

So this is hugely exciting, as you know.

I think it's really great to see Revolut doing this for their customers, and I think it's really going to help people come in and just start to understand a little bit more about investing and dip their toe into investing, especially in the economy that we kind of have at the moment.

So yeah, I'm super excited to see where this goes and I'm super excited to see how, you know, this is taken up by Revolut and all their customers.

It's a really great thing for sure.

Yeah, and Polly, I do want to get your take on the latest partnership with DEX.

So that is a bookkeeping provider and they're partnering with global payments platform Air Wallix, and they're set to roll out a new payment solution later this year.

So tell us about this partnership.

Yeah, absolutely.

So DEX and Airwallix are really hoping to work together to launch DEX payments, and this is an integrated payment solution within the DEX platform, completing the accounts payable workflow index and offering full automation from invoice upload through to payment.

So this partnership is really bringing together two FinTechs with a shared vision to modernize financial workflows for SMBs and their accounting and bookkeeping partners.

So by integrating our Wallace's payments infrastructure into DX's automation platform.

DEX Payments is really looking to deliver a single solution for managing supplier and expense payments payroll, as well as an easier way to get paid directly from an invoice.

So this launch is really coming as SMBs are facing increasingly complex operations.

So in the UK alone, nearly half of small business invoices are being paid late, waiting an average of 46 days to get paid and losing time chasing those overdue payments.

So recognizing this impact on cash flow and business viability, this is really what DEX Payments is hoping to achieve.

And it's also going to be introducing enhanced security as well by verifying suppliers and payment details using data held by Dext, giving users greater confidence that suppliers are paid correctly and effortlessly.

So again, this is a really exciting thing to happen.

It's always great to see new payment payment solutions come in, especially when it's something that is benefiting small businesses again in the sort of uncertain economy that we have in the UK at the moment.

So it'll be really interesting to see how this goes, and I'm really excited to see what's next for Dex now while it's working together.

OK, Polly, well, we will have to leave it there, but thank you for bringing us the latest headlines from across the Atlantic.

Have a great weekend.

Thanks, Remy, see you next time.