UK fintech Revolut is aiming to enter Europe’s fixed income market as a new investment option for its clients.
According to comments reported by Financial News, Revolut plans to provide its European clients with access to both Europe and the US government and corporate debt markets by the end of the first quarter of 2024. This market is valued at over €120 trillion, but it has traditionally been challenging for retail investors to access, particularly outside of their domestic markets. To enhance accessibility, Revolut intends to lower the minimum investment requirement for clients to €100.
"We continue to make the investment space more accessible for everyone," stated Rolandas Juteika, the CEO of Revolut Securities Europe and head of wealth and trading in Europe.
This focus on fixed income investments comes shortly after Revolut began offering trading in select European equities, including fractional trading, as well as extended trading hours for US stocks and the introduction of a new Trading Pro subscription plan.