Revolut: launch in Japan, 500k SME customer milestone and new hires

According to AltFi, digital banking service Revolut announced a new milestone today as it sailed past 500,000 business customers of Revolut Business. The business banking service launched three years ago and is available for businesses with a physical presence in the European Economic Area and Switzerland.

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TechCrunch understands that Chris Sing, Revolut’s head of regulatory compliance is leaving to take up the position as Barclays’s new chief of staff to the group chief compliance officer. Meanwhile, Revolut is on the verge of announcing two senior hires from Amazon. They are Steven Harman, who joins as the neobank’s new group COO; and Jim McDougall, who becomes Revolut’s new chief people officer. Harman was most recently Amazon’s VP of continental europe customer fulfillment, and McDougall held the position of director or HR services transformation.

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TechCrunch reports that Revolut is expanding to Japan. After testing the service with 10,000 users, anybody can now sign up and open an account. The company originally obtained its authorization to operate from Japan’s Finance Service Agency in 2018. The company has already launched premium plans in Japan, but has now expanded the offering in the country to include its popular free accounts. 

Read more: TechCrunch