The multinational fintech company Revolut announced on Monday that it intends to expand throughout Asia and support product innovation by fortifying its presence from Singapore.
According to a statement from Revolut, with assistance from the Singapore Economic Development Board (EDB) and EDBI, Revolut Singapore will develop and expand its offerings locally while assembling highly qualified teams in the fields of engineering, data, artificial intelligence (AI), and product development.
Operating under SG Growth Capital, EDB and Enterprise Singapore’s investment platform, EDBI makes investments in high-growth international technology firms and market leaders looking to expand in Singapore and throughout Asia.
With this investment, EDBI becomes one of Revolut’s top international investors. Revolut is currently valued at $75 billion.
In order to support product innovation and regional expansion, Revolut doubled its workforce in Singapore between 2024 and 2025 and intends to triple it over the following three years.
The Rev-celerator Graduate Programs 2026 and the Rev-celerator Internship Program were just introduced in Singapore.
Revolut provides successful candidates in Singapore with the option to move to its offices in one of three countries: Poland, the United Kingdom, or the United Arab Emirates (UAE). Graduates can also choose to move to Spain.
In order to support talent development and knowledge transfer throughout Singapore’s larger tech ecosystem, the goal is to onboard talent from elite institutions not only in Revolut’s hiring locations but also worldwide.
Revolut will spearhead regional expansion initiatives throughout Asia from its base in Singapore.
The recent opening of Revolut’s Global Tech Hub in Manila, a strategic expansion of the company’s global network intended to support its growing global operations, is one example of the company’s regional momentum.
Additionally, the business is actively considering growing into a number of other regional markets.
“EDB’s longstanding commitment to building Singapore into a global innovation and fintech hub – along with its expertise, guidance, and extensive network – has been invaluable to our growth journey,
“EDBI’s investment in Revolut Singapore will further enable us to accelerate innovation, scale our regional footprint from Singapore, and deliver inclusive, accessible, and trusted financial services to customers across the region,” said Raymond Ng, Chief Executive Officer, Singapore & Southeast Asia at Revolut.
