Compare Revolut vs Anna to make an informed decision for your financial needs. Whether you're interested in mobile banking, unique features, or specific benefits, this comparison will help you navigate some of the differences between Revolut and Anna.
Go compare All comparisons
Revolut and Anna are modern mobile banks that have changed the traditional banking landscape by offering unique digital banking solutions. Both are designed to make banking more efficient, yet differ in certain aspects tailored to various banking needs.
Revolut was launched in 2015 in the UK, providing digital banking services to individual and business users globally. It offers a range of financial services that include currency exchange, cryptocurrency exchange, and peer-to-peer payments, all facilitated by a mobile app. Its distinct feature is the ability to hold and convert 28 currencies in the account, helping users avoid foreign exchange fees during travels. Moreover, the app provides budgeting tools, analytics, a reward system, and the option to hold and trade cryptocurrencies, making it quite comprehensive for personal finance management.
On the other hand, Anna, short for Absolutely No-Nonsense Admin, is designed for small businesses and freelancers. Launched in 2018, also in the UK, Anna distinguishes itself by offering automated administrative business services alongside traditional banking. The mobile bank provides invoicing, tax reminders, and business expense categorization in addition to traditional banking services. Anna aids the tracking of expenses, payments, and chasing invoices through its AI-powered assistant, reducing administrative hassle for its users.
Comparatively, while Revolut revolves around comprehensive financial services for a broader user base, Anna focuses on the underserved market of small businesses and freelancers, fulfilling not just banking but administrative needs. They both strive for efficiency and ease-of-use, summarizing transactions in apps and alerting users about account activities instantly. Both banks offer international money transfers, although Revolut presents a more diversified offer in this aspect, thanks to its multi-currency feature.
In conclusion, the choice between Revolut and Anna would be driven by individual needs - a versatile, international payment and personal finance app in Revolut, or a business-focused banking combined with automated administration services in Anna.