Wise, a global online money transfer service, announced that it has relocated its Asia Pacific hub to a larger office in Singapore’s Paya Lebar Quarter to accommodate regional growth.
The new office space covers 31,800 square feet, a 25% increase from its previous location.
The new Singapore workspace incorporates enhanced facilities, including additional meeting rooms, phone booths, and wellness areas like nap rooms and multi-faith rooms.
The design draws from Asia Pacific’s cultural heritage and features artworks by local artists.
This is Wise’s third and largest office move within Singapore since establishing its regional headquarters here in 2016.
The facility houses nearly 600 employees working in functions such as product development, compliance, operations, and customer service.
Wise stated that its Singapore team has more than doubled since 2022, with the local engineering team now comprising about 10% of its global engineering workforce.
The company cited Singapore’s talent pool and connectivity as key factors for its presence.
Wise also noted a 30% growth in its Singapore customer base over the last financial year.
Its infrastructure arm, Wise Platform, has also played a role in regional growth through partnerships with banks and digital platforms including Standard Chartered, Morgan Stanley, Agoda, and Tiger Brokers.
Wise continues to grow its global presence with this move, with new office openings in London, Tallinn, and Kuala Lumpur, and further expansion in Austin.
The office was officially launched by Siisi Saetalu, Deputy Head of the Estonian Embassy, and Nik Mehta, British High Commissioner to Singapore.
Shrawan (SK) Saraogi, Singapore CEO and APAC Head of Expansion at Wise, said,
“Singapore is a cornerstone of our operations in Asia Pacific, and this new office is a key milestone in strengthening our regional presence. It reflects our continued investment in the country’s fintech ecosystem and our mission to provide the best way to move and manage money globally.
We’re committed to investing in purpose-built workspaces that foster collaboration and empower Wisers to create innovative products for our customers. This move is not just about relocating in Singapore—it’s about deepening our commitment to the market and future-proofing our presence in a thriving global fintech hub.”
Featured image: (From left to right) Smrithi Ravi, Engineering Lead, APAC Regional Expansion, Siisi Saetalu, Deputy Head, Estonian Embassy, SK Saraogi, Singapore CEO and APAC Head of Expansion, Nik Mehta, British High Commissioner to Singapore, SerJin Lee, Interim Chief Compliance Officer
