Shine vs Revolut business: comparing the two new banks

Summary of our comparison

Shine and Revolut are two new banks that offer financial services via a mobile application.

Both offer a range of interesting features, but are aimed at different types of customer.

In fact, if you have a commercial activity and need to cash cheques and cash Shine will be your best partner.

On the other hand, if your business is mainly international, you're better off with Revolut.

In fact, if you make numerous foreign payments and receipts the British neo-bank offers a multi-currency account with over 28 currencies supported.

What's more, Revolut does not charge no charge on international transactions.

On the other hand, if you're a VSE or SME If you're looking for a bank that combines financing solutions with neo-banking features, you can turn to Hero .

What exactly is Revolut Business?

Revolut is a British digital bank founded in 2015 . It is one of the pioneers among the neo-banks, offering an account suitable for all profiles and with no income requirements. Its range of services is aimed at self-employed workers and companies of all sizes.

The Revolut business offer provides access to the following functions:

• A free account to test the solution's features

• A free month for every pay-as-you-go offer

• A mobile application with rich and varied functionalities

• French IBAN

• Multi-currency account with over 25 currencies supported

What exactly is Shine?

Launched in 2017, Shine is a digital bank which, like Revolut Business, is aimed at both self-employed workers and very small businesses.Originally, the services offered by the bank were specifically dedicated to self-employed workers:

• A French IBAN

• A MasterCard Basic bank card

• A free billing tool

• 30 to 100 free transfers per month, depending on the plan.

However, Shine has also developed services tailored to startups and very small businesses:

• 5 to 15 users

• 100 to 500 free direct debits/transfers per month

• Cash deposits up to 9,500 euros

Shine vs Revolut: the main differences

As you can see, Shine and Revolut offer the same functionalities, apart from a few details. However, there are three key points that distinguish the two neo-banks:

Target customers

Of course, both Revolut and Shine target businesses and the self-employed. In terms of its service offering, however, Revolut focuses on companies dealing with international customers. That's why it proposes multi-currency accounts and foreign cash withdrawals. The neo-bank charges no foreign exchange fees on international transactions.

Shine, on the other hand, focuses on the provision of customized services. workers/companies operating in France . Shine also offers accounting tools such as :

• Billing tools

• Tracking expenses

• Adding receipts

• Etc.

What's more, Shine adding multiple accounts.

The pricing model

Revolut propose a free account which allows you to test the solution's basic functions. In reality, the Free account is only used to try out Revolut's many functions. For optimal business management, it's best to opt for one of the paying packages.

Revolut's entry-level offer for businesses costs 25 euros per month . The Development package admits 10 users and includes a Metal card.

The Growth offer 100 euros per month It comes with 2 Metal cards and admits 30 users.

The freelance offer ranges from €7/month (Professional) to €25/month (Ultimate), with a Free offer to test features.

Shine, on the other hand, has no free offer. However, a one-month, no-obligation trial is offered for each price plan.

The entry-level formula, Shine Basic, costs 7.90 euros per month . It entitles you to 30 free transfers and direct debits and provides access to a billing tool.

With Shine Plus at 4,90 euros allows you to open a sub-account and make 60 free transfers/pre-authorized debits per month. It also accepts 500 euros a month for free.

And finally, Shine Pro supports up to 3,000 euros free cash deposit . This offer also allows the opening of additional sub-accounts, enabling the company manager to control the expenses of his employees. It also makes it possible to use the expense claim processing .

Revolut, unlike Shine, does not accept cash or cheques. Shine also offers business loans, unlike Revolut.

Customer service quality

Shine, here, wins the duel by a wide margin. Available at by chat, phone and email Shine's customer service is renowned for its availability and responsiveness. These qualities earned it the title of Customer Service of the Year in 2024.

Revolut's customer service, on the other hand, is only accessible via its app.

Comparison of the differences between Shine and Revolut

Here is a table showing the main differences between the two neo-banks:

What's the alternative to Revolut business and Shine?

Created in 2021, Hero is an excellent alternative to Revolut and Shine. Its real trump card is the payment facilities offered to customers . In fact, we propose an innovative offer with deferred payment and payment in instalments .

In practical terms, customers can pay their supplier invoices in 3 or 4 instalments, or after 60 or 90 days. This is a real boon for medium-sized companies, who can smooth out their supplier payments without jeopardizing their cash flow.

And that's not all: to avoid jeopardizing your business relations, Hero takes the place of its customers to pay their invoices immediately. The platform offers a digital factoring service a providential alternative financing solution for very small businesses.

Hero also offers a free pro account with 3 payment methods by credit card, bank transfer or direct debit.

In short, between Revolut and Shine As you can see, each bank has its own advantages and disadvantages.

Choose according to your needs and the specifics of your business. If, on the other hand, you're a B2B SME, Hero is a multi-benefit alternative with an innovative digital factoring offer and a 100% free account.