As Poslovni Dnevnik/Bernard Ivezic writes on the 6th of March, 2020, the brand new Croatian fintech startup Revuto, which plans to attack competition such as the gigantic PayPal with a combination of a crypto wallet, its own debit cards and online subscription management, has begun to receive some of its first users.
This Croatian fintech startup is currently in its beta phase, with its application due to become available to users in the second half of this year. This is the first Croatian mobile wallet to announce that it will issue its own ”Revuto debit card” which can be used at ATMs just like those issued by banks.
Miriam Belar, CEO and co-founder of the Croatian fintech startup, says they are developing a “subscription manager” application on the market that will be able to approve, block or delay the payment of any service at the time that subscription arrives, whether it’s Netflix, Deezer, Spotify, Adobe, or even Google or Apple.
This is exactly whee the biggest difference with PayPal lies, which is otherwise heavily used in Croatia, among other things, for this purpose. ”In an era when more and more services are switching to subscription models, the number of users to whom such services in various ”’free trial” and ”subscription options” are taking money without their control is increasing rapidly, so, this Revuto service should also represent savings for their costs,” Belar says.
Revuto wants to get into this segment by using artificial intelligence that should allow for the maximum deferral of payment without suspending the service, then, by simply adding and sorting subscriptions by category, creating monthly and annual spending thresholds individually and by subscription categories.
In addition, it should allow users to share the cost of one or more selected subscriptions with other Revuto application users, gift subscriptions to friends, and other similar options.