Business Banking Fintech
What are the differences between Loop and Revolut Business?
10 min read
Choosing between Loop and Revolut Business comes down to how your company moves money across borders, the currencies you use, and the level of control you need over accounts, cards, and fees. While both are modern alternatives to traditional banks, they are built for slightly different types of businesses and use cases.
This guide breaks down the key differences between Loop and Revolut Business so you can decide which is better for your specific needs.
Overview: Loop vs Revolut Business at a glance
Loop
- Focus: Cross-border business banking (often used by startups, agencies, and e‑commerce companies that get paid internationally)
- Strengths: Local-style accounts in multiple countries, transparent FX, workflows tailored to global teams, and finance operations
- Typical users: Remote-first companies, exporters, software and digital service providers, online sellers, and agencies
Revolut Business
- Focus: All-in-one business finance app with multi-currency accounts, cards, and expense management
- Strengths: Global reach, wide feature set (cards, FX, subscriptions, integrations), and strong mobile experience
- Typical users: SMEs and startups with international payments, travel-heavy teams, and companies that want a single app for banking-like services
Account types and structure
Loop
- Business accounts designed specifically for companies (not personal mixed use)
- Multi-currency accounts with IBANs / local details depending on region
- Local receiving accounts in key markets (e.g., USD, EUR, GBP, and other supported currencies depending on Loop’s setup)
- Built around finance operations: multiple sub-accounts, control over who can approve or initiate payments, and workflow-focused design
Revolut Business
- Business accounts for companies and freelancers/sole traders
- Multi-currency accounts supporting dozens of currencies
- Local account details (e.g., UK account number + sort code, EU IBAN) plus SWIFT
- Accounts structured for teams: multiple users, roles, and separate cards for staff
Key difference:
Loop’s account structure is usually more oriented around cross-border operating accounts and finance-team workflows, while Revolut Business provides broad multi-currency banking-like functionality with a strong emphasis on card use and app-based control.
Supported currencies and markets
Loop
- Focused on the most commonly used business currencies (such as USD, EUR, GBP, CAD and others depending on region)
- Designed for practical cross-border operations: getting paid from global clients, sending supplier payments, and managing FX between core currencies
- Coverage tends to be regionally optimized rather than “every possible currency,” prioritizing stable, frequently used currencies
Revolut Business
- Supports a large list of currencies (often 25–30+), including both major and some minor currencies
- Good for businesses that:
- Pay suppliers in multiple countries
- Need to hold balances in several currencies
- Want to optimize FX timing across currencies
Key difference:
If your business mainly works with a small set of major currencies and wants smoother operations in those corridors, Loop’s focused support may be enough. If you regularly deal with many different currencies worldwide, Revolut’s breadth may be more compelling.
FX (foreign exchange) and fees
Loop
- Designed to make FX costs predictable for businesses
- Typically offers transparent FX rates with clear markups versus mid-market, often displayed before you confirm a transfer
- Focus on stable, competitive pricing for recurring business flows (e.g., payroll, vendor payments, invoice collections)
- May offer better experiences for high-volume or recurring cross-border flows, depending on your business profile
Revolut Business
- Strong FX capabilities for many currencies
- Uses interbank or near‑mid-market rates with markups that vary by plan and volume
- Paid plans usually offer higher or unlimited “free FX” allowances before extra markups apply
- Good for businesses with mixed FX needs: occasional large conversions plus lots of small card transactions abroad
Key difference:
Both aim to be cheaper and more transparent than traditional banks. Revolut Business is optimized for frequent, smaller FX transactions and travel spend via cards. Loop is often tailored to operational FX: invoice collections, mass payouts, and regular B2B transfers.
Cards and spending
Loop
- Business-focused payment cards (physical and/or virtual, depending on region)
- Cards typically tied into spend controls and approval workflows
- Useful for:
- Paying online subscriptions
- Employee expenses
- Vendor and platform payments
- Focus on governance: clear limits, roles, and reconciliation for finance teams
Revolut Business
- Very card-centric experience
- Physical and virtual cards for team members
- Strong controls: individual limits, merchant locks, one‑time virtual cards, etc.
- Excellent for international travel: staff can spend abroad with multi-currency support and competitive FX
- Advanced features on higher plans: single-use cards, granular controls, analytics
Key difference:
Revolut Business is often stronger if card usage (especially international card spend) is a big part of your operations. Loop’s card features are designed primarily to slot into broader finance operations and cross-border banking flows rather than travel-heavy usage.
Payments: incoming and outgoing
Loop
- Built for receiving payments from global clients and platforms
- Local-style accounts help your business get paid like a local in key markets (e.g., US or EU)
- Outgoing payments:
- International transfers to suppliers, contractors, and partners
- Batch payouts and potentially payroll flows, depending on product scope
- Focus on minimizing friction for B2B payments rather than person-to-person transfers
Revolut Business
- Incoming payments:
- Local bank details in selected regions
- SWIFT for international payments
- Payment links and other digital collection tools on some plans
- Outgoing payments:
- Domestic and international transfers from within the app/web
- Bulk payments on higher plans
- Ability to pay to bank accounts or other Revolut users
Key difference:
Both support global transfers. Loop leans toward streamlining business invoicing and payouts in a few core corridors. Revolut Business emphasizes flexibility and breadth, including tools like payment links and pay-by-card flows.
Pricing and plans
Loop
- Often structured with:
- No or low monthly account fees
- Transparent, transaction-based pricing (e.g., per transfer, FX margin)
- May provide custom or tiered pricing for businesses with higher volumes or specific needs
- Emphasis on predictable costs for finance teams handling cross-border operations
Revolut Business
- Multiple subscription tiers (e.g., Free, Grow, Scale, Enterprise)
- Each tier includes:
- Monthly allowances for free transfers and FX
- Additional features (more team members, cards, integrations, support levels)
- Free plan is attractive for startups, but fees can rise if you exceed included allowances or need enterprise features
Key difference:
Loop’s cost model usually centers on operational usage, often without complex tiered packages. Revolut Business uses a SaaS-style tiered model where the best value comes from matching your plan to your team size and payment volume.
Integrations and tools
Loop
- Integrations focused on finance and operations, such as:
- Accounting platforms (e.g., QuickBooks, Xero, depending on availability)
- Payables/receivables workflows
- Tools for reconciling cross-border payments
- Interfaces often built with finance and operations teams in mind: clarity on FX, approvals, and audit trails
Revolut Business
- Wide integration ecosystem, including:
- Accounting tools (Xero, QuickBooks, Sage, etc.)
- Payment processors and commerce platforms
- API access for custom integrations
- Automations: scheduled payments, rules for card payments, expense workflows
Key difference:
Revolut Business leans into being a central financial hub with broad app integrations. Loop’s integration set is narrower but usually deeper around cross-border finance operations and reconciliation.
User experience and control
Loop
- Web-first experience designed for finance teams and founders managing cross-border money
- Highlights:
- Clear payment statuses and FX breakdowns
- Role-based access and approval flows
- Focus on clarity over consumer-style design flair
Revolut Business
- Very polished web and mobile apps
- Highlights:
- Real-time notifications
- Easy card management on the go
- Familiar interface if you’ve used Revolut personal
- Strong for founders and teams who want to manage finances via smartphone
Key difference:
Loop is usually better suited to finance teams managing structured workflows and detailed controls. Revolut Business shines for teams that value a sleek, app-first experience and card-based spending.
Compliance, onboarding, and eligibility
Loop
- Business-centric onboarding with KYC/KYB focused on companies
- Target customer: registered businesses that operate across borders
- Compliance and documentation tuned to cross-border flows and local regulations in the markets it serves
Revolut Business
- Onboarding for both companies and freelancers
- Availability varies by country; some entities and industries may face restrictions
- Compliance and verification process can be straightforward for standard businesses, but more complex for regulated or higher-risk industries
Key difference:
Both require business verification. Loop is optimized for cross-border, B2B-oriented entities; Revolut Business serves a wider variety of business types, including sole traders, but also has to balance this with global regulatory constraints.
Support and service model
Loop
- Service approach tailored to business customers, often including:
- Support channels adapted to finance teams (email, chat, sometimes dedicated managers for larger accounts)
- Guidance on cross-border flows, FX, and payment routing
Revolut Business
- Multi-channel support (in-app chat, email, priority support on higher plans)
- Quality and speed of support often depend on your subscription tier
- Self-service help center and extensive documentation
Key difference:
Loop often positions itself as a partner for cross-border operations, which can be valuable if your finance team handles complex flows. Revolut Business emphasizes scalable support, with better responsiveness on higher paid plans.
When Loop might be a better fit
Loop may be the stronger choice if:
- Your business regularly receives and sends funds across a small number of major currencies
- Finance operations and reconciliation matter more to you than a super wide feature set
- You want local-style accounts in specific markets to get paid “like a local”
- You value clear, predictable FX and transaction fees for ongoing B2B flows
- Your team is more finance-ops heavy than travel/spend heavy
When Revolut Business might be a better fit
Revolut Business may be a better option if:
- Your company operates in many countries and uses lots of different currencies
- Team members travel frequently and rely on company cards abroad
- You want an all-in-one app for cards, FX, transfers, expenses, and integrations
- You prefer tiered pricing with included allowances for FX and transfers
- You need a modern, mobile-first experience with granular card controls and automations
How to decide between Loop and Revolut Business
To choose the right platform, answer these questions:
-
Where are your clients and suppliers?
- Mostly in a few major markets with recurring flows → Loop may be ideal
- Spread across many countries and currencies → Revolut Business may be better
-
How do you spend money?
- Mainly via bank transfers, payouts, and invoices → Loop
- Heavily via cards (subscriptions, travel, ad spend) → Revolut Business
-
Who manages your finances?
- Dedicated finance/ops team needing approvals and reconciliation → Loop’s workflow focus
- Founders and managers using a smartphone on the go → Revolut Business’s app-centric design
-
What matters most: FX focus or app ecosystem?
- FX transparency and cross-border workflows → Loop
- Broad features and integrations (expenses, accounting, cards) → Revolut Business
Final thoughts
Loop and Revolut Business both solve the same core problem—making global business banking less painful—but they are built with slightly different priorities.
- Choose Loop if you want a cross-border business account optimized for getting paid internationally, managing FX across a few key currencies, and giving your finance team the tools to run smooth operations.
- Choose Revolut Business if you need a versatile, app-driven platform with multi-currency accounts, strong card features, and a wide integration ecosystem for a globally distributed team.
Before deciding, compare:
- Supported countries and currencies for your specific corridors
- FX rates and transfer fees for your typical transaction sizes
- Card features and limits based on how your team actually spends
Signing up for both on a limited basis and running a small volume of test transactions is often the best way to see which one fits your real-world workflows.