Revolut to open new Singapore office, invest S$350M & grow local headcount to 300
The new office will be Revolut’s first permanent base in Singapore Revolut will open a new office at Collyer Quay Centre, a mark of its expansion plans in Singapore and the region, the London-headquartered fintech company said on Oct 8. It will also invest nearly S$350 million in Singapore over the next five years, spanning […]
Revolut, the London-based financial technology company, is set to establish a new permanent office in Singapore, marking a significant expansion in the region. The office, located at Collyer Quay Centre, will be the first of its kind in the city-state and is expected to bolster the fintech giant's local operations. Over the next five years, Revolut plans to invest nearly S$350 million in Singapore, focusing on product innovation, business growth, and workforce expansion.
The company's regional chief executive, Raymond Ng, emphasized that the new office signifies Revolut's commitment to deepening its roots in the local market and serves as a launching pad for its broader Asian ambitions. With a regulatory environment and talent pool that Ng described as favorable, Revolut aims to become a daily financial app for users in the region, rather than a travel-centric solution.
As part of its growth strategy, Revolut plans to increase its local workforce to over 300 employees within the next three years, with the current headcount of nearly 170 employees in Singapore expected to almost double by 2027.
Written by urgent.news from Vulcan Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
