Revolut is to invest $400 million over the next five years to grow its business in Australia, Finextra reports.

Since entering the Australian market in 2020 with a team of just three, Revolut has evolved from a simple digital travel card and currency exchange platform into a complete financial lifestyle app with more than 30 products and services.

In the last 12 months, Revolut Business has grown exponentially in Australia with a 235% uplift in monthly transaction volumes.

Since 2022, the company has achieved an average annual customer growth rate of almost 100% and now has more than 100 employees in Australia.

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