Revolut committed nearly S$350 million to Singapore over five years as it set plans for a permanent office in the city-state. The 8,880-square-foot space at Collyer Quay Centre is scheduled to open in early 2027. The investment will support product development, regional business growth and hiring. Revolut has operated from co-working space in Singapore since entering the market in 2019.
The fintech plans to increase its Singapore workforce from about 170 people to more than 300 within three years. Recruitment will focus on engineering, product management, data science and artificial intelligence. Revolut nearly doubled its local headcount during 2025. The company is positioning Singapore as a base for broader Asian expansion.
SINGAPORE BECOMES A REGIONAL OPERATING BASE
Singapore and South-east Asia chief executive Raymond Ng told local media that the office would deepen Revolut’s roots in the market. The company already operates across Japan, India, Australia and New Zealand, and has a technology hub in the Philippines. It is assessing other Asian markets, with entry dependent on commercial fit and regulatory discussions.
Revolut is also trying to broaden its Singapore use case beyond travel and foreign-exchange services. Its local offering includes investments, cryptocurrency services and tiered subscriptions alongside payments and money management. Ng said the company wants customers to use the platform for everyday financial activity, including services for small and medium-sized businesses handling cross-border transactions.
LOCAL USAGE UNDERPINS THE INVESTMENT PLAN
Company figures reported by The Business Times showed Singapore domestic transaction volumes rose by more than 30% in 2025 and represented nearly half of user activity. Peer-to-peer payment volumes increased by almost 40%, while virtual-card usage and wealth and trading customer numbers grew by more than 55%. Revolut also reported that its Singapore business-customer base expanded fivefold during 2025.
The investment gives Revolut a larger operating footprint but does not itself confer a Singapore banking licence. Ng declined to comment on whether the company would seek a digital-bank licence, saying product fit would guide any application. The opening of the Collyer Quay office in early 2027 and progress towards the 300-person staffing target will provide the next measurable tests of the plan.