FinTech: Revolut Enables Bonds For Everyday Investors

November 20, 2023 | FinTech, News

“We continue to make the investment space more accessible for everyone.” – Rolandas Juteika, CEO of Revolut Securities Europe

Revolut, the UK-based fintech firm, is set to expand its trading services by offering European clients the ability to trade government and corporate bonds starting in the first quarter of next year. This move follows the addition of European-listed stocks to its platform in October.

According to Rolandas Juteika, CEO of Revolut Securities Europe, the bond market was attractive, particularly with rising interest rates. Furthermore, Revolut aims to make this multitrillion-dollar industry more accessible to retail traders by significantly reducing the minimum investment amount from the typical $100,000 to €100, because accessing the bond market has hitherto been challenging for many due to large capital requirements. (Financial News)

The global bond market, estimated at around $133 trillion in 2022, therefore presents a significant opportunity. Revolut’s bond trading will include government bonds in US dollars and euros, as well as corporate bonds from companies like Apple (NASDAQ: AAPL) and Wells Fargo (NYSE: WFC).

Revolut has been actively expanding its trading product offerings, including the introduction of European-listed stocks for its European Economic Area (EEA) clients. The fintech giant, founded in 2015, has rapidly grown to employ 7,500 people with a valuation of around £33 billion.

Notably, company reported its first-ever profit of £59.1 million for 2021 in March.

It has plans for the launch of a robo-adviser product for European clients in December, with future goals to integrate AI fully into the robo-adviser. The company’s Trading Pro subscription, introduced in October, attracted over 10,000 subscribers within the first week of its launch.

Related Story:  Revolut Launches Version 10 Of Its App – “The Era Of Ease”

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