Finom vs Revolut : Which one is better for your business?

Business accounts with integrated invoicing and accounting tools are essential for SMEs, freelancers, and companies under registration, as they streamline financial management and enhance operational efficiency. We'll compare Finom and Revolut to determine which offers the best combination of speed, international payment capabilities, cashback offers, and automation features to meet diverse business needs.

A quick overview on Finom and Revolut

What is Finom?

Finom provides financial services tailored for SMEs, freelancers, and companies under registration. Their offerings include business accounts with cashback, invoicing tools, and accounting integrations. Unique features like fast account opening with a German IBAN in 24 hours and personal assistance within a minute set them apart.

What is Revolut?

Revolut Business offers a suite of financial services designed to help businesses manage their finances efficiently. Key features include global payments, multi-currency accounts, and expense management tools. Unique aspects of Revolut include AI-powered bill payments, integration with accounting software, and the ability to manage money in over 25 currencies at interbank rates.

Features of Finom and Revolut

Finom features

Finom offers a range of unique features that cater to the needs of SMEs, freelancers, and companies under registration.

• German IBAN in 24 hours: Quick setup of a German IBAN account, enabling businesses to start operations swiftly.
• Up to 3% cashback: Cashback on all expenses, providing a financial incentive for everyday business transactions.
• Personal assistance in 1 minute: Fast customer support, ensuring that any issues or queries are resolved promptly.
• Simple invoicing: Easy-to-use invoicing tools that streamline the billing process for businesses.
• Accounting software integrations: Seamless integration with popular accounting software, facilitating efficient financial management.

Revolut features

Revolut Business offers a suite of unique features that cater to the needs of modern businesses.

• Multi-currency accounts: Manage money in multiple currencies and exchange over 25 currencies at interbank rates, ideal for international operations.
• Global payments: Send and receive payments to over 150 destinations worldwide, simplifying international transactions.
• AI-powered bill capture and payment: Automate bill payments with AI, reducing manual entry and errors.
• Integration with accounting software: Seamlessly connect with popular accounting tools to streamline financial management.
• Advanced analytics and business tools: Access detailed analytics and tools to help grow and manage your business effectively.

Comparing Finom, Revolut and OneSafe's features

Why choose one over the other?

• Why choose Finom over Revolut: Finom offers up to 3% cashback on all expenses, which can be a significant financial incentive for businesses looking to maximize their savings. Additionally, Finom provides personal assistance within 1 minute, ensuring that any issues or queries are resolved promptly, a feature that can be particularly beneficial for SMEs and freelancers who need quick support.
• Why choose Revolut over Finom: Revolut's multi-currency accounts and the ability to manage money in over 25 currencies at interbank rates make it an ideal choice for businesses with international operations. Furthermore, Revolut's AI-powered bill capture and payment automation reduce manual entry and errors, streamlining financial management for businesses looking to enhance efficiency.

Considering OneSafe vs Finom and Revolut

• Why choose OneSafe over Finom and Revolut: OneSafe offers instant crypto to fiat conversions and vice versa, a feature that neither Finom nor Revolut provides. This makes OneSafe uniquely suited for businesses involved in Web3 and cryptocurrency transactions, ensuring seamless financial operations across both traditional and digital currencies.

What are the customers saying?

Finom reviews

Users have generally positive feedback about Finom, highlighting the excellent customer service and efficient support team. However, some frustrations include high fees and account management issues.

• Overall Rating: 4.4 out of 5

• "Finom's customer service really is to be commended. Reactions are fairly immediate, and even if it takes some time to solve an issue, one is kept in the loop continuously." - Katy Droege-Macdonald
• "I had a problem with some documents that I was supposed to submit. After asking Kate, from the customer service team, she explained the process to me again and offered to forward the documents quickly and easily from the chat, the problem was solved super quickly, thank you very much!" - Jonas Bendner

For more detailed reviews, visit finom.co Reviews.

Revolut reviews

Users have generally praised Revolut for its variety of services, including cryptocurrency trading, stock market investments, and quick transactions. They appreciate the user-friendly interface, security features, and the ability to handle multiple currencies. However, some users have expressed frustration with high commission fees for digital currencies, lack of telephone support, and issues with customer service.

• Overall Rating: 4.2 out of 5

• "Revolut app has a very user friendly interface. It's functionality allows to make transactions in a matter of seconds which is extremely important these days." - Yuriy
• "The bank is very good. But the commission fees for digital currencies are high, so the commission fees in the crypto market must be reduced." - Najib Abbas Abdullah Mohammed

For more detailed reviews, visit Revolut Reviews.

OneSafereviews

Users have praised OneSafe for its exceptional customer support and innovative solutions tailored for Web3 organizations. The platform's ability to simplify complex financial processes has been a standout feature for many.

• Overall Rating: 4.8 out of 5

• "OneSafe has the best customer support I've ever experienced from a bank." - Amit Chu, Investments @ Celo Foundation
• "OneSafe is a game-changer. They solve so many headaches for our company. Finally, a banking solution that gets it." - Marco, CEO of Ensuro

For more detailed reviews, visit OneSafe Reviews.

Finom, Revolut, or OneSafe: Which is the best platform for you?

In conclusion, while Finom and Revolut offer robust features that cater to various business needs, OneSafe stands out with its innovative solutions and exceptional customer support, especially for those involved in Web3 and cryptocurrency transactions. Each platform has its strengths, but OneSafe's unique offerings make it a compelling choice for modern businesses. Ultimately, any of these options could serve your business well, but we recommend giving OneSafe a closer look.