Revolut has widened its business offering in Singapore by introducing a new money market fund product aimed at helping small and medium-sized companies earn returns traditionally reserved for large corporates with significant cash reserves.
The launch marks a major step in the fintech’s regional growth strategy as it intensifies efforts to compete for business banking customers in Asia-Pacific.
The new feature arrives as Singapore companies confront growing concerns about the economic outlook.
Flexible Cash Funds Offer Up to 4.48% Yield
The company’s new “Flexible Cash Funds” product allows eligible businesses to place U.S. dollar deposits into selected money market funds with an advertised annual percentage yield of up to 4.48%.
Funds can typically be withdrawn within two business days, giving companies a higher-yielding option without sacrificing liquidity.
Revolut confirmed the product supports British pounds, euros and U.S. dollars, and businesses can open as many as 100 separate fund accounts across the supported currencies.
“We’re proud to make money market funds accessible to companies of all sizes, not just large asset managers or those with substantial reserves,” said James Gibson, head of Revolut Business.
The company said these funds collectively manage more than $500 million in global assets under management.
Singapore Offering Grows Amid Intense Competition
Revolut has been aggressively adding new tools for business customers in Singapore over recent months.
The company introduced support for Chinese yuan SWIFT transfers, allowing companies to send renminbi to global recipients, a feature expected to appeal to firms with active supply chains in mainland China.
New integrations with Wizz Air, QuickBooks and NetSuite also went live for business users across the Asia-Pacific region.
These additions join existing links with accounting platforms Xero and FreeAgent, as Revolut pushes to embed itself more deeply into day-to-day corporate operations.
The rollout of new services comes as Revolut faces rising competition from traditional banks and digital rivals, including Coinbase, which recently began offering a 3.75% interest savings account to UK business customers.
Rapid Customer Growth Since 2024 Launch
Revolut’s Singapore business division has grown at an unusually fast pace since its August 2024 launch.
The company reported quarterly sign-up growth averaging more than 50%, with the first full quarter showing a jump of 125% in new business customers.
Revolut declined to release exact customer numbers, though the surge underscores rising interest among firms seeking non-bank digital finance solutions.
The momentum coincides with a significant shift in sentiment among Singapore companies.
A survey by the Singapore Business Federation found the share of businesses expecting economic deterioration nearly doubled between late 2024 and early 2025.
Revolut’s business division is now preparing for a major expansion of its local workforce.
The team plans to increase staff levels ninefold compared with the size at launch, although the company did not disclose specific headcount targets.
“We have our ears close to the ground, always listening to our customers and constantly seeking ways to enhance our offerings,” said Ashley Thomas, head of strategy and operations for Revolut Singapore.
Stablecoin Conversion Feature Introduced
In a separate update, Revolut rolled out fee-free stablecoin conversions between U.S. dollars and the stablecoins USDC and USDT at a 1:1 rate.
The move eliminates the small spreads that are normally charged during fiat-to-stablecoin exchanges on most trading platforms.
The rollout also aligns with the company’s new EU-approved crypto licensing framework, which went live two weeks before the feature’s introduction.
“Every time I go on-chain, I struggle with the same thing: you never actually get 1:1 when moving between fiat and stablecoins,” said Leonid Bashlykov, head of product for crypto at Revolut. “There’s always that annoying 0.0002 spread, or a hidden fee somewhere.”
Revolut said users can transfer stablecoins across several supported blockchains and link balances to Visa and Mastercard, enabling customers to spend their digital assets directly on everyday purchases.
Biometric security checks will apply for all outbound transfers.
Revolut Continues Global Expansion
Revolut now serves more than 65 million retail users worldwide and operates hundreds of thousands of business accounts.
Alongside its efforts in Singapore, the company recently secured a banking licence in Mexico and continues to pursue regulatory approvals in major markets including the United Kingdom.
The fintech’s rapid expansion comes as global demand increases for digital-first business banking and cross-border payments services, especially among small and medium-sized enterprises seeking alternatives to traditional banks.
