Case Study
Spotahome finds their global spending solution
💼 Industry: real estate | 📈 Stage: start-up |📍 Headquarters: Spain
✅ Saved the time-equivalent of 2 full-time employees
✅ Saved 8 hours a week on Business account management
Global growing pains
Spotahome helps people find and book mid-to-long-term residential rentals online.
They’re opening up housing opportunities to students and professionals around the world who are looking for temporary accommodation for up to 12 months — across 26 countries and 100 cities in Europe. So managing multi-currency finances is essential to working with tenants and landlords effectively.
Sending, receiving, and exchanging currencies often came with extortionate fees. Aside from that, managing spend across their global team was tricky, and time-consuming. Spotathome’s original banking provider came with tedious processes that wasted the team’s time, and made their global operations complicated and costly. Then they discovered Revolut Business.
Clever multi-currency management
Picture this: currency exchange at the interbank rate (during market hours, within allowance). Fast international transfers with competitive fees. The ability to hold over 25 currencies in the same account. Needless to say — Spotathome felt right at home with Revolut Business.
Spotathome also gained access to insights and tools to power team spend. The company could issue physical or virtual cards from the app in minutes, and send them to their team around the world. This helped them organise expenses — from subscriptions to specific departments, and more. All the while staying in control with custom limits and rules.
All-around savings
With Revolut Business, Spotathome made their global operations more cost-efficient. They immediately reduced the fees they paid for international transfers and currency exchange, and gained better control over global team spend.
Spotahome CFO Roberto García Cerrada also says he’s saved 8 hours a week on account admin. He’s no longer chasing down critical changes or unblocking process issues, like he did with their previous bank. García is pleased to be able to get things done in-app, easily, all on his own.
Tasks that used to take months, like updating mandates, take an hour with Revolut Business. Overall, the automation and self-service tools helped Spotathome free up the time equivalent to 2 full-time positions, so their team could focus on more strategic tasks.
