Revolut Business vs Finom: Multi-Currency Banking vs Invoicing-First Platform

Revolut offers four plans: Basic at EUR 10/month, Grow at EUR 35/month, Scale at EUR 125/month, and Enterprise with custom pricing. Each tier increases the free transfer allowances, FX allowances, and card limits. There is no free plan.

Finom offers five plans with a free entry point: Solo (EUR 0), Basic (EUR 9/month annual), Smart (EUR 24/month annual), Pro (EUR 119/month annual), and Grow (EUR 249/month annual). The key difference is that Finom's plan tiers are driven by cashback rates, SEPA volume allowances, and SWIFT pricing rather than transfer counts.

For a freelancer or solo entrepreneur, Finom's free Solo plan with a local IBAN and basic invoicing is hard to beat — Revolut's cheapest option is EUR 10/month. For a growing team needing international capabilities, Revolut's Grow plan (EUR 35/month) offers more features per euro than Finom's Smart (EUR 24/month) when multi-currency support matters.

This is where Revolut has a clear edge. With 30 supported currencies and free FX allowances (EUR 1,000 on Basic up to EUR 60,000 on Scale), Revolut is built for businesses that regularly convert currencies. The 0.6% FX markup beyond free allowances is competitive, though the 1% weekend surcharge is a notable downside.

Finom supports 19 currencies with SWIFT transfers available on all plans, but at varying costs. Solo users pay EUR 5 + 1% on outgoing SWIFT; Smart users pay EUR 5 + 0.4%; Pro users pay 0.2% flat; and Grow users pay 0.15% flat. For high-volume international operations, Finom's Pro or Grow plans can compete with Revolut, but the entry cost is much higher (EUR 119–249/month vs EUR 35).

For businesses sending less than EUR 15,000/month internationally, Revolut Grow offers the best value. For businesses primarily operating in the SEPA zone with occasional SWIFT needs, Finom's lower-tier plans may suffice.

Finom's integrated invoicing is its strongest differentiator. The platform lets you create quotes, invoices, and credit notes with "Pay now" links and SEPA QR codes. When clients pay into your Finom IBAN, the system automatically matches payments to invoices — no manual reconciliation needed.

Critically, Finom supports e-invoicing standards: Italian SDI for mandatory electronic invoicing in Italy, and German XRechnung/ZUGFeRD for public sector invoicing in Germany. For businesses operating in these markets, this is a compliance requirement that Finom handles natively. Dunning letters for overdue invoices are available at EUR 5 per reminder.

Revolut has no built-in invoicing at all. If you choose Revolut, you will need a separate invoicing tool (like FreshBooks, Invoice Ninja, or your accounting software's invoicing module). This adds both cost and complexity to your workflow.

For freelancers and small businesses that send regular invoices, Finom's invoicing alone can justify choosing it over Revolut.

Finom offers a structured cashback program that varies by plan. Solo has no cashback. Basic offers 1% on card spending above EUR 1,500 (capped at EUR 15/month). Smart offers 3% (capped at EUR 30/month, reached at EUR 1,000 spend). Pro offers 0.5% uncapped on spending above EUR 1,000. Grow offers 1% uncapped on spending above EUR 1,000.

Revolut does not offer a cashback program on standard business plans. Metal cards are included on Grow and Scale plans, but they provide travel insurance benefits rather than cashback.

For businesses with significant card spending, Finom's cashback can meaningfully offset subscription costs. On the Smart plan (EUR 24/month), the EUR 30 cashback cap already covers the subscription with just EUR 1,000 in monthly card spending. On Pro and Grow plans, uncapped cashback on high spend volumes can generate significant returns.

Both platforms offer accounting integrations, but they target different ecosystems.

Finom integrates directly with DATEV (including Belegbilderservice for digital receipts), Lexoffice, and Sevdesk — the dominant accounting platforms in Germany. It also connects via Zapier to Xero, QuickBooks, Sage, and NetSuite, and supports exports in PDF, MT940, CSV, and DATEV formats.

Revolut integrates with Xero, QuickBooks, and FreeAgent, and offers a comprehensive API for custom integrations (from Grow plan). For businesses using international accounting software, Revolut's integrations are broader. For businesses in Germany, Italy, or other markets where DATEV or local software dominates, Finom's native integrations save significant time.

Finom's auto-reconciliation of invoices with bank transactions is particularly valuable — it creates a closed loop from invoice creation through payment matching to accounting export, reducing manual work.

Revolut Bank UAB holds an ECB banking license regulated by the Bank of Lithuania, with deposit protection up to EUR 100,000 under the Lithuanian deposit insurance scheme.

Finom is licensed as an Electronic Money Institution (EMI) by the Dutch central bank (DNB, license R180074). Customer funds are held in a safeguarding foundation (Stichting Finom, KVK 78684900) at BNP Paribas in segregated accounts. EMI licenses do not include deposit guarantee scheme coverage, meaning funds are safeguarded but not insured.

For businesses holding significant operating balances, Revolut's deposit insurance provides a meaningful safety advantage. For businesses using the account primarily for payments and invoicing, Finom's safeguarding at BNP Paribas provides adequate protection.

Revolut is available across 30+ countries in the EU, EEA, and UK, making it one of the most geographically accessible business banking platforms in Europe.

Finom is available in 10 EU countries: Germany, France, Italy, Spain, Netherlands, Austria, Belgium, Poland, Portugal, and Ireland. It provides local IBANs in Germany (DE), France (FR), Italy (IT), and the Netherlands (NL), which is a significant advantage for businesses wanting local banking presence in these key markets.

For businesses in Finom's 10 supported markets, local IBANs and strong local integrations may be more valuable than Revolut's broader but less localized coverage.