Revolut to triple workforce and invest in local graduates

Valued at US$75 billion, Revolut’s continued expansion in Singapore signals its intent to grow roots here. This has been recognised by the Singapore Economic Development Board (EDB) and a fresh investment from EDBI (the investment arm of EDB and Enterprise Singapore), as Revolut Singapore contributes to Singapore’s economic growth, talent development, and uses the country as a springboard for its expansion in Southeast Asia.

Revolut is a fintech company originally from the United Kingdom, and has operated Singapore as far back as 2019. Today, it serves more than 70 million retail customers and hundreds and thousands of businesses globally. The company now intends to anchor Singapore as its base for product innovation and regional expansion across Southeast Asia, indicating that the city-state is positioned as a strategic command centre.

Central to this plan is the expansion of high-skilled teams across product development, engineering, data and artificial intelligence. These capabilities align closely with Singapore’s push toward deep tech and digital finance leadership under its Smart Nation ambitions.

“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,” said Raymond Ng, CEO, Singapore & Southeast Asia at Revolut. “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.”

While specific forms of EDB’s support were not detailed, EDBI’s decision to invest alongside Revolut’s global investors signals confidence in the company’s long-term role within Singapore’s economy.

After all, Revolut doubled its Singapore headcount from 2024 to 2025 and plans to triple it within the next three years. Additionally, Revolut Singapore has launched its Rev-celerator Internship Programme and Rev-celerator Graduate Programmes 2026. These initiatives offer successful candidates opportunities to relocate to offices in Poland, the UK, the UAE, and, for graduates, Spain, embedding Singapore within Revolut’s global operating network while facilitating knowledge transfer.

“Revolut’s expansion of its regional operations here reflects confidence among fintech companies in Singapore’s role as a stable and trusted base to access Asia’s growth markets,” said Chan Ih-Ming, Executive Vice President at EDB.

“With its innovation hub and AI product teams in Singapore, Revolut will accelerate the development of cutting-edge fintech solutions for the region and beyond. Its commitment to talent development through internship, graduate and leadership programmes will also create new opportunities for local talent to grow in the fintech sector.”