Revolut vs Fyorin
Compare Fyorin & Revolut based on global payment capabilities, access to currencies, cards and other key benefits for cross-border businesses.
Revolut vs Fyorin Feature Comparison
Global wallet | ||
Domestic payment routes | ||
Dedicated account | ||
Automated payables | ||
Bulk payments | ||
Automated payroll | ||
Automated receivables | ||
Sub-accounts | ||
Virtual cards | ||
Cash rebate on virtual card spend | ||
Connect existing bank accounts | ||
Accounting tool integration | * | |
Unified Treasury management across different financial institutions | ||
Diversification of liquidity risk | ||
API capabilities | ||
Management of different entities under the same group from one portal | ||
Revolut is an Electronic Money Institution that provides businesses around the globe with a digital business account to send, receive, and exchange funds across multiple currencies. Their platform and mobile app include international payment capabilities, expense management through corporate cards and receipt capture. The level of service and access to specific features varies based on subscription tiers.
Fyorin is not just a Revolut alternative when it comes to international banking features - it’s a unified financial operations and treasury platform for global businesses, providing automated accounts payable, receivable and access to 100+ currencies in 200 countries. Fyorin enables businesses to diversify their liquidity risk, gain complete visibility of their treasury in one place, control and optimise their spend and expense management that offer cash back with each transaction.
Global Payment Capabilities
Revolut offers transactions in 30+ currencies across 100+ countries through payment rails like SEPA, ACH, and BACS, Fyorin provides significantly broader coverage with 100+ currencies across 200 countries. More importantly, Fyorin covers 100 local payment routes, enabling faster and cost-effective international transactions with payments reaching the beneficiary account in less than 24 hours.
Automated Accounts Payable & Receivable
Fyorin stands out as a strong alternative to Revolut by offering automated accounts payable and receivable in one platform. While Revolut provides basic payment acceptance capabilities, Fyorin's solution includes a two-way sync with major accounting tools including Microsoft Dynamics 365, NetSuite, Xero, QuickBooks, Zoho, and Sage to automatically sync, post and reconcile bills and invoices. Fyorin’s payables feature offers advanced approval workflows while receivables allow businesses to schedule recurring payment requests and automatic follow-ups for overdue payments.
Expense Management & Cards
Both Fyorin and Revolut offer virtual and physical cards for business expenses -however, there are a few key differences. Fyorin expense management solution includes pre-paid and debit cards that can be tailored to the needs of the business with custom controls and limits. Thanks to the high initial card limits and wide acceptance Fyorin’s card can be used for any online purchase and businesses can enjoy cash back with each spend.
Unified Treasury & Banking Operations
A significant advantage of Fyorin is its unified compliance and commercial processes across multiple banking relationships. In practice, this means that the business needs to onboard only once to access multiple financial institutions and currencies, while keeping the treasury diversified and funds safe. This significantly reduces costs and time managing multiple banking relationships and positions Fyorin as a major alternative to Revolut.
Why Choose Fyorin as Your Revolut Alternative?
