EDBI has made a strategic investment in Revolut Singapore, backing the US$75 billion-valued fintech’s push to scale its operations from Singapore into Asia.
Financial details of the investment were not disclosed.
The expansion is supported by the Singapore Economic Development Board, alongside the investment from EDBI.
Revolut will develop and scale its products and services from Singapore while building teams across engineering, product, data and artificial intelligence as part of its regional growth strategy.
Raymond Ng, CEO, Singapore & Southeast Asia at Revolut said,
“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.”
Revolut said it has doubled its headcount in Singapore in 2025 and plans to triple its workforce over the next three years to support product development and expansion across Asia.
The company has rolled out internship and graduate programmes in Singapore, with selected candidates able to relocate to offices in the UK, Poland and the UAE, with Spain offered as an additional location for graduates.
The programmes aim to attract global talent while supporting skills development and knowledge transfer within Singapore’s tech ecosystem.
From its Singapore base, Revolut will oversee expansion across multiple Asian markets, including through the recent launch of a global technology hub in Manila, described as a strategic extension of its global network.
The company said it is also evaluating entry into additional markets in the region.
EDBI operates under SG Growth Capital, the investment platform of the Singapore Economic Development Board and Enterprise Singapore, and focuses on investing in high-growth technology companies expanding in Asia.
Revolut serves more than 70 million retail customers globally and has hundreds of thousands of business customers.
EDB’s Executive Vice President, Chan Ih-Ming said,
“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.”
Featured image: Edited by Fintech News Singapore, based on image by Frolopiaton Palm via Freepik
