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 setting up a permanent office in Singapore's Collyer Quay Centre. The 8,880 sq ft space marks the company's commitment to the Republic over the next five years and a S$350 million investment. The office opening is slated for early 2027, as Revolut aims to nearly double its local headcount within the next three years.
CEO Raymond Ng emphasized the significance of having a physical presence in the market, stating it signals to local authorities and users that Revolut intends to be deeply rooted in Singapore. Ng also highlighted the supportive regulatory environment and deep talent pool in Singapore as reasons for the company's expansion. With more than 170 employees and plans to grow to over 300, Revolut will focus on recruiting engineers, product managers, data scientists, and AI experts.
The company's tiered subscription framework differentiates it from competitors, offering lifestyle and productivity benefits directly integrated into financial services. Revolut's domestic transaction volumes in Singapore have risen by more than 30% year-on-year, accounting for nearly half of all user activity.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
