Revolut Enters Employer of Record Market in Direct Challenge to Deel

Revolut has entered the employer of record market, setting up a direct challenge to Deel, the dominant player in global hiring and payroll. The move expands Revolut's business services into one of the fastest-growing segments of B2B fintech.

The employer of record service allows companies to hire workers in countries where they don't have a legal entity, with Revolut handling employment contracts, payroll, tax and compliance on their behalf.

Revolut's entry into this space leverages its existing multi-currency payments infrastructure and global banking licences, potentially offering competitive pricing against Deel and others by bundling employer of record services with its broader financial platform.