{
  "id": 12752587,
  "title": "Revolut to open new Singapore office; will invest $350 million and grow staff to 300 here",
  "url": "https://urgent.news/2026/10/08/revolut-to-open-new-singapore-office-will-invest-350-million-and-grow",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-08T01:00:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/companies-markets/revolut-to-open-new-singapore-office-will-invest-350-million-and-grow-staff-to-300-here"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "The fintech company is planning to hire more people for roles across engineering, product, data and AI.",
  "key_points": [
    "Revolut plans to open a new office in Singapore with $350 million investment.",
    "Company aims to grow staff to over 300 in three years.",
    "New office to open in early 2027, focusing on product innovation and user expansion."
  ],
  "editors_take": "Revolut's expanded Singapore presence signals its shift from a travel app to a comprehensive financial and lifestyle solution, scaling its user base and benefiting small and medium-sized enterprises.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Revolut to set up CBD office in Collyer Quay, puts S$350 million into Singapore expansion",
        "url": "https://urgent.news/2026/10/08/revolut-to-set-up-cbd-office-in-collyer-quay-puts-s-350-million-into",
        "published": "2026-10-08T01:00:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}