Revolut Plans New Singapore Office, Targets S$350 Million Investment

Revolut's planned S$350 million investment in Singapore is a notable commitment, especially as it follows two years of reported net profitability in the market. This suggests that the company views Singapore not just as a point of entry, but as a profitable base for its operations and regional expansion. The investment is earmarked for product development, business expansion, and workforce growth, indicating a comprehensive strategy rather than a focus on a single area.

The expansion of Revolut's business offerings in Singapore appears to be a key driver of its local growth. The article notes a fivefold increase in its local business customer base in 2025, alongside significant increases in deposit balances, transfer volumes, and card payment volumes for Revolut Business between August 2025 and August 2026. This suggests that the company's B2B services, including Flexible Cash Funds and expanded merchant acquiring capabilities, are gaining traction.

While business services show strong growth, retail activity also increased, with domestic transaction volumes up over 30% year-on-year in 2025. This indicates a balanced growth across both segments. The recruitment drive for engineering, product, data, and artificial intelligence roles suggests a focus on technological capabilities to support both current services and future innovations, aligning with Singapore's role as a regional hub for Revolut's Southeast Asia expansion.