Revolut is expanding its financial offerings in Portugal, with plans to introduce business credit and ATMs in 2025. The fintech, which already provides personal loans of up to 30,000 euros and aims to enter the housing credit market, is now focusing on granting loans to companies across all markets where it operates.
Currently serving 1.5 million customers in Portugal, Revolut has set its sights on becoming the world’s first truly global bank, with 50 million customers globally. The company plans to offer business credit via Revolut Business next year, though a specific timeline for Portugal is yet to be determined.
Revolut is also exploring the launch of home loans in markets like Lithuania, Ireland, and France in 2024, with plans to gradually introduce them in its key markets. The fintech aims to provide a fully digital, faster, and more fluid credit application process, similar to its personal loan service launched in Portugal earlier this year.
Additionally, Revolut is set to introduce ATMs, starting with Spain as a test market before expanding across Europe. The company aims to innovate the ATM experience, which has seen little technological advancement in recent years. Revolut has also used Portugal as a test market for other initiatives, such as its vending machines at Porto airport, offering free debit cards to customers.
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