Revolut to set up CBD office in Collyer Quay, puts S$350 million into Singapore expansion
It plans to nearly double local headcount within the next three years
Revolut, the global digital banking and fintech platform, is establishing a permanent office in Singapore to nearly double its local headcount within the next three years. The company plans to invest S$350 million over the next five years in Singapore, with the funds earmarked for product innovation, regional business growth, and talent acquisition.
This move signifies Revolut's intent to deepen its local roots and strengthen its foothold in the market. The new office, located in Collyer Quay Centre, will serve as a launchpad for the company's regional expansion efforts across Asia, leveraging Singapore's supportive regulatory environment and deep talent pool. Revolut's CEO, Raymond Ng, emphasized that the office will signal the company's commitment to being deeply rooted in the local market and driving regional expansion efforts.
The company aims to grow its local workforce to over 300 employees within three years, primarily hiring engineers, product managers, data scientists, and artificial intelligence specialists. With a current workforce of about 170 employees, Revolut's focus on hiring Singaporeans aligns with its goal to create local financial leaders who can shape the company's future.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
