Revolut Business has introduced a new billing solution designed to improve the management of recurring payments.

The financial "super app" for businesses said that through an enhancement of the technical infrastructure, the new tool allows merchants to build, automate and optimise subscription plans directly within its platform, moving the FinTech from a payments processor to a "full revenue operations partner."

According to the digital lender, the tool eliminates separate business software fees for merchants managing recuring billing and allows them to move from multiple, fragmented systems to a single, unified platform for payments, billing, and subscriber management.

The new feature allows merchants to set up subscriptions either in-app or via API, enabling them to access bespoke plans and free trials, while automated payment reminders and transaction re-processing help capture missed revenue and "reduce customer churn."

Revolut Business said that the strategic move strengthens the platform's position as an all-in-one financial platform for fast-growing businesses, with the rollout following an announcement that the company hit $1 billion in annualised revenue earlier this year.

“Subscription revenue is the backbone of many modern businesses, but our customers were tired of juggling multiple software tools and high manual input just to manage recurring payments," said Alex Codina, general manager of acquiring at Revolut. "We listened, and built a solution that simplifies the entire journey.

"By integrating robust subscription management with existing payment processing capabilities, we’re moving beyond simple payment acceptance and giving merchants a 360 view of their customers. This is a clear step towards our ambition of becoming the leading, all-in-one financial platform powering hundreds of thousands of fast-growing businesses globally.”

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