The finance app Revolut is teaming up with Stripe to support payments in the U.K. and Europe.
Revolut will facilitate payments through Stripe’s existing infrastructure, according to a statement on Wednesday. The London-based firm could use the platform in more regions in future as it looks to expand in markets including Latin America, India and the Philippines.
“We’re thrilled to be powering Revolut as it builds, scales, and helps people around the world get more from their money,” said Eileen O’Mara, EMEA revenue and growth lead at Stripe.
Both Stripe and Revolut have grown from startups to sprawling fintech operations in a bid to challenge established banks and payment providers. The San Francisco-based Stripe, whose software is used by millions of businesses to send and receive payments, has recently partnered with the international transfer company Wise and the buy now/pay later provider Klarna Bank.
Revolut currently offers payment services to retail and business users in about 30 currencies. In June, the firm teamed up with the open banking platform Tink to let users incorporate their bank accounts into the app.
