The fintech company is looking to reach out to small investors with a new independent app that will bring the buying and selling of shares closer with a fixed fee of 0.25%.
The small investor has become one of the main focuses of attention for the main neobanks. If a few weeks ago it was N26 the entity that announced a new broker with which Buy and sell shares and EFTs In Spain, today is the turn of Revolut, which has announced a new application independent of its banking service with which it lands in the retail investment market, it is about Revolut Invest. And with it, it aims to take a further step in the investment options it already considered.
At first, Revolut Invest It will only be available in three countries: Greece, Denmark and the Czech Republic. As its operation is verified and a greater number of assets are incorporated, the fintech intends to expand it to more countries by the end of 2024, as reported by El Confidencial. A new move by the fintech that adds to the recent incorporation of Bizum in our country.
More competition in the investment sector
Although Revolut already offered the possibility of trading stocks through its main application, with this new move it seeks to capture the attention of more experienced investors who are used to working with independent brokers. The new Revolut application represents the entry of a new player into a market that already has several well-established investment platforms, such as eToro, Robinhood or even Trade Republic, among many other options.
The minimum amount to start investing in bonds is €100 and has a fixed commission of 0.25%. However, the fintech is also going to announce Trading Pro, a subscription offer that will not have a minimum fee and will offer the possibility of trading in shares and EFTs with more attractive commissions. Following a very similar model to the one it already offers through its main application, with different plans available, but applied to the stock market.
An increasingly comprehensive service
Revolut Invest Not only will it offer its users the possibility of trading on the stock market, like any other broker, it will also act as a repository of current news that may affect the stock market sector. As well as market analysis and possible predictions that can provide extra information to the end consumer. Bringing together a set of ingredients with which it wants to differentiate itself from its main competitors within the market.
The neobank has been working for some time to incorporate a series of complementary added services that have allowed it to add 45 million customers worldwide. In addition to the traditional banking services that we all know, it has also added the possibility of requesting personal loans through its own app, contracting eSIM services, remunerated accounts or the already mentioned incorporation of Bizum in our country.
