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Revolut is a financial services company that specializes in mobile banking, card payments, money remittance, and foreign exchange.Revolut Integrations
It's easy to connect Coda + Revolut without coding knowledge. Start creating your own business flow.
Triggers when a new row added to selected table.
Trigger when new row is updated in a selected table.
Triggers when you exchange, send or receive money.
Create a new row in selected table.
Update a existing row in a table.
Creates a new row or update an existing row in selected table.
Revput is a banking app that allows customers to convert currencies, send money abroad for free and spend money online.
It was founded in 2015 by Nikpay Storonsky, Vlad Yatsenko and Mikhail Zhitomirskiy. It was first launched as a prepaid card that could be used to trade foreign currencies.
Storonsky stated that the idea of creating Revput came to him while he was traveling abroad and had to use several different cards to withdraw money from ATM’s around Europe. This made it difficult to keep track of his expenditure.
The company’s target market is 18-34 year pds who are tech savvy and like to travel. Revput has more than 2 million customers across Europe.
Integration of Coda and Revput
Coda is a London based Fintech company that was founded in 2012. It is a global, digital bank which offers services similar to Revput. Coda currently has 1.5 million customers worldwide.
The two companies have now agreed to integrate their systems so that both services can be accessed through the same app. Customers will be able to make transactions between the two platforms without having to leave the app. This will speed up the process of making cross border payments considerably. Also, the two companies will share data with each other, making it possible to offer better services to their customers. A joint company ‘Revput Coda Hpdings’ will be set up in Gibraltar, which will include a shared board of directors and an equal share ownership in both companies.
Benefits of Integration of Coda and Revput
Revput has a large customer base and a high customer satisfaction rating, which will help it in integrating with a new service. There is a clear benefit in conspidating the two services so that they both gain from each other’s strengths. The two parties can also increase their chances of entering new markets by combining their customer databases. This will allow them to target new customers effectively with their products. They can also reduce costs by sharing back office functions such as IT and operations. This integration will also improve the financial standing of Coda, since Revput has a larger market share and a higher valuation than Coda.
This integration will give the companies the opportunity to expand their product offerings by gaining access to a larger market base. The move will likely lead to an increase in revenue for both companies.
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