Revolut: 300 SG jobs to be offered as the London-headquartered company commits S$350M to Singapore expansion

Revolut, the London-based fintech company, has announced plans to invest nearly S$350 million in Singapore over a five-year period to expand its operations and workforce. The company aims to increase its local employee count from nearly 170 to over 300 within the next three years. The expansion includes the opening of an 8,880 sq ft office at Collyer Quay Centre, scheduled to commence operations early in 2027, replacing the current WeWork location in Funan.

Revolut Singapore and Southeast Asia chief executive Raymond Ng stated that the office is a testament to the company's long-term commitment to Singapore and will serve as a hub for its broader Asian expansion. As of October 8, Revolut has already employed nearly 170 individuals in Singapore, with plans to more than double this number over the next few years. The new roles will primarily be in engineering, product development, data, and artificial intelligence.

The company's investment will be allocated towards workforce growth, product innovation, and business development. Meanwhile, Singapore Economic Development Board's executive vice-president, Pee Beng Kong, noted that the expansion could bolster the local fintech sector and provide more opportunities for Singaporeans and other locals to develop their skills and expertise.

Revolut initially gained traction as a travel-oriented financial service, offering multi-currency payment solutions. However, the company has shifted its focus to cater to everyday financial needs, positioning itself in competition with digital banks, payment apps, and other financial service providers. Its Ultra subscription tier, launched in August 2026, offers S$10,000 in annualized lifestyle value through partner benefits.

Domestic transaction volumes have surged by over 30% in 2025, while peer-to-peer payments have increased by nearly 40%. Virtual card usage and wealth and trading customer numbers have also grown by more than 55%.

The company's local business customer base has grown fivefold in 2025, with its corporate deposit and transfer volumes tripling and merchant card payment volumes increasing tenfold between August 2025 and August 2026. Revolut's expansion in Singapore comes after a September 2026 secondary share sale that reportedly valued the company at US$115 billion, or approximately S$147 billion.

The company reported a pretax profit of £1.7 billion, equivalent to around S$2.8 billion, for 2025. It now serves more than 80 million retail customers and 850,000 businesses globally, with operations spanning several Asia-Pacific markets. While long-term success will depend on Revolut's ability to maintain the utility of its services amidst growing competition, the expanded workforce and office space signify a significant step towards strengthening its presence in the region.