Revolut Business — multi-currency banking with the crypto side reconciled
Revolut Business is popular with European Web3 teams operating in multiple currencies. We reconcile fiat (in any currency) against crypto activity.
Revolut Business serves European SMBs and startups with a multi-currency account, FX, and a built-in crypto trading product. For a Web3 team using Revolut Business as the operating bank, the integration with Wag3s provides unified accounting — fiat transactions classified per currency, FX gain / loss tracked, and reconciliation against on-chain wallet activity.
What the Revolut Business integration does
Multi-currency ingest
GBP, EUR, USD, and the rest of Revolut's supported currencies.
FX gain / loss tracking
Cross-currency transfers booked with the right realized FX P&L.
Crypto-product reconciliation
Revolut's crypto product activity reconciled (where the customer uses it for treasury).
The connection in 4 steps
Connect Revolut Business via API key
Generate a read-only API key in Revolut Business's developer settings and connect it to Wag3s. All accounts and currencies are accessible under one key.
Ingest multi-currency transaction history
Wag3s pulls all transactions across GBP, EUR, USD, and additional currency pockets, along with card transactions, FX conversions, and international transfers.
Book FX gain / loss on currency conversions
Each Revolut Business FX conversion is booked with the realized FX gain or loss against the historical cost of the source currency position, using Revolut's actual exchange rate per the API.
Reconcile fiat transfers with on-chain crypto movements
Outgoing transfers to crypto exchanges or custody accounts are matched to the corresponding on-chain or exchange deposit, closing the fiat-to-crypto bridge in the reconciliation report.
Common configurations
The startup collects EUR revenue from European clients via Revolut Business and pays UK-based contractors in GBP. Wag3s ingests both currency pockets, tracks FX gain/loss on cross-currency payroll, and reconciles Revolut transfers to crypto wallets for the monthly close.
The treasury team uses Revolut Business's built-in crypto exchange to hold a small BTC and ETH position alongside their fiat runway. Wag3s reconciles the Revolut crypto trades with the fiat conversion records, booking realized P&L and ensuring the crypto position is valued correctly in the consolidated balance sheet.
The consultancy invoices US clients in USD and European clients in EUR through Revolut Business. Wag3s tracks each incoming payment by currency, books the realized FX on conversion to the base currency, and reconciles against the crypto portion of revenue held on-chain.
Revolut Business integration questions
Does Wag3s support Revolut Business's built-in crypto trading?
Yes. Revolut Business allows certain account tiers to buy and sell BTC, ETH, and other cryptocurrencies directly. Wag3s reconciles these trades against the fiat leg in Revolut, booking realized P&L and updating crypto position cost basis accordingly.
How are Revolut Business multi-currency accounts structured in Wag3s?
Each currency pocket in Revolut Business is treated as a separate bank account in Wag3s. FX conversions between pockets are recorded as realized gain or loss events, and each pocket's balance feeds into the consolidated multi-currency trial balance.
Is the Revolut Business API connection GDPR-compliant?
Yes. Wag3s uses read-only API credentials and stores Revolut Business data on EU-hosted infrastructure. The integration is covered under the Wag3s standard Data Processing Agreement, which aligns with GDPR requirements for EU customer data.
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Connect Revolut Business in minutes
Free during Alpha. No credit card. Native sync, audit trail, no spreadsheets.