Revolut to open new Singapore office; will invest $350 million and grow staff to 300 here
The fintech company is planning to hire more people for roles across engineering, product, data and AI.
Revolut, the London-based fintech company, plans to open a new office in Singapore to expand its presence in the region. The company expects to invest nearly $350 million over the next five years, focusing on product innovation, business growth and workforce expansion. Currently, Revolut employs about 170 people in Singapore, but the company aims to grow its headcount to over 300 in the next three years.
The new office, occupying 8,880 square feet on the ninth floor of Collyer Quay Centre, is set to open in early 2027 and will bear the company's name. Revolut CEO Raymond Ng stated that establishing a dedicated office is crucial for both staff and users, aiming to make Revolut a daily app rather than a travel app. The company already operates in Japan, India, Australia, New Zealand, and the Philippines, with plans to explore additional opportunities.
Ng emphasized the company's commitment to Singapore, intending to move beyond its travel app roots and become a comprehensive financial and lifestyle solution for users. Revolut's investment in Singapore is aimed at scaling retail and business user bases, particularly benefiting small and medium-sized enterprises and cross-border companies.
While the company does not currently hold a digital bank licence in Singapore, Ng indicated that the firm is exploring this option and prioritizes product fit before applying for any licence.
Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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