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# Revolut commits nearly S$350m to Singapore, plans CBD office
- URL: https://www.southeastasiaconnect.com/revolut-singapore-350m-investment-collyer-quay-office/
- Published: 2026-10-08T11:03:43.000Z
- Updated: 2026-10-08T11:03:43.000Z
- Description: The five-year Singapore investment pledge is earmarked for products and hiring; a permanent Collyer Quay office is due in early 2027.
- Author: Lars Voedisch
- Tags: News, #google-news, Singapore, Financial Services

[Revolut](https://www.revolut.com/en-SG/?ref=southeastasiaconnect.com) has committed nearly S$350 million to its Singapore business over the next five years and plans to open a permanent office in the central business district in early 2027\. The company outlined the investment in separate interviews on 8 October. The sum is a pledge for future spending, and the office is not yet open.

The planned office will occupy 8,880 sq ft at Collyer Quay Centre. Revolut has taken a lease there after operating from co-working spaces in Singapore. It currently has about 170 local employees and aims to grow the team to more than 300 over three years, with hiring focused on engineering, product, data and artificial intelligence.

## What the new commitment adds

In February, [Revolut announced plans](https://www.revolut.com/en-SG/news/revolut%5Fsingapore%5Faccelerates%5Fproduct%5Finnovation%5Fand%5Fasia%5Fexpansion%5Fwith%5Fedb%5Fsupport/?ref=southeastasiaconnect.com) to expand its Singapore team and use the country as a base for wider Asian growth, with support from Singapore's Economic Development Board. The October interviews put a five-year investment figure on that strategy and identify the permanent Collyer Quay office. The lease gives the expansion a specific local site alongside the planned increase in staff.

Revolut reported that its local business-customer base grew fivefold in 2025 and that corporate deposit balances and transfer volumes trebled between August 2025 and August 2026\. The company is directing the new allocation towards product development, regional business growth and hiring in Singapore.

## Capacity for business customers

Singapore will remain a base for developing products and serving business customers across the region, according to the company. Raymond Ng, its chief executive for Singapore and South-east Asia, identified small and medium-sized enterprises and cross-border companies among the businesses it wants to reach. The planned engineering, product and data roles would add local capacity for that work. For local operators, the investment amount and leased office make the scale of that capacity build-out more specific than February's broader expansion plan.

**Source:** As reported across multiple media outlets.