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Revolut Automates Investment: Launches Robo-Advisor in Singapore

Wednesday, 22/01/2025 | 06:30 GMT by Arnab Shome
  • It first introduced the Robo-Advisor in the US before expanding to Europe.
  • Singapore users can now invest with the Robo-Advisor with a minimum of USD 100.
revolut

Revolut has expanded its offerings in Asia by launching its Robo-Advisory services in Singapore, the fintech announced today (Wednesday).

Automated Investment Service

The service will be tailored to investors by assessing their risk tolerance and financial goals through a series of questions. Customers only need to deposit funds into their portfolios, and the Robo-Advisor will handle market investments automatically. It will also monitor the portfolio actively and rebalance it based on the performance of the assets.

The UK-based fintech first introduced Robo-Advisory services to its United States customers in June 2023, followed by its launch in the European Economic Area in February 2024.

The company promotes the automated service as a time-saving tool for customers.

Raymond Ng, CEO of Revolut Singapore
Raymond Ng, CEO of Revolut Singapore; Photo: LinkedIn

“We know that many of our customers do not have the time to manage a portfolio or invest in individual securities,” said Raymond Ng, CEO of Revolut Singapore.

“This service is designed to make investing more accessible,” he added. “We want to help customers grow their money in a way that is straightforward and convenient. We are also working to expand the range of investment options available through the Robo-Advisor and plan to add more financial planning tools.”

Low Entry Barrier

Revolut has set a minimum investment requirement of USD 100 for its Robo-Advisory services. An annual portfolio management fee of 0.75 per cent of the portfolio value will be charged monthly.

Additionally, customers can set up recurring transfers starting from USD 10 to their Robo-Advisor portfolios. Revolut debit card holders will also have the option to invest the spare change from transactions directly into their portfolios.

Meanwhile, the British fintech is working to establish a stronger presence in Singapore through other services. Last year, it introduced business-to-business offerings in the country. Recently, it enhanced security features by enabling in-app calls for personal users.

Revolut’s product expansion has also been evident with its partnership with CMC Connect last year to offer contracts for differences (CFDs). Currently, these products are available in three European countries, with plans for further expansion across the continent.

Revolut has expanded its offerings in Asia by launching its Robo-Advisory services in Singapore, the fintech announced today (Wednesday).

Automated Investment Service

The service will be tailored to investors by assessing their risk tolerance and financial goals through a series of questions. Customers only need to deposit funds into their portfolios, and the Robo-Advisor will handle market investments automatically. It will also monitor the portfolio actively and rebalance it based on the performance of the assets.

The UK-based fintech first introduced Robo-Advisory services to its United States customers in June 2023, followed by its launch in the European Economic Area in February 2024.

The company promotes the automated service as a time-saving tool for customers.

Raymond Ng, CEO of Revolut Singapore
Raymond Ng, CEO of Revolut Singapore; Photo: LinkedIn

“We know that many of our customers do not have the time to manage a portfolio or invest in individual securities,” said Raymond Ng, CEO of Revolut Singapore.

“This service is designed to make investing more accessible,” he added. “We want to help customers grow their money in a way that is straightforward and convenient. We are also working to expand the range of investment options available through the Robo-Advisor and plan to add more financial planning tools.”

Low Entry Barrier

Revolut has set a minimum investment requirement of USD 100 for its Robo-Advisory services. An annual portfolio management fee of 0.75 per cent of the portfolio value will be charged monthly.

Additionally, customers can set up recurring transfers starting from USD 10 to their Robo-Advisor portfolios. Revolut debit card holders will also have the option to invest the spare change from transactions directly into their portfolios.

Meanwhile, the British fintech is working to establish a stronger presence in Singapore through other services. Last year, it introduced business-to-business offerings in the country. Recently, it enhanced security features by enabling in-app calls for personal users.

Revolut’s product expansion has also been evident with its partnership with CMC Connect last year to offer contracts for differences (CFDs). Currently, these products are available in three European countries, with plans for further expansion across the continent.

About the Author: Arnab Shome
Arnab Shome
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Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well. His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report. Area of coverage: 1. CFD broker-related news 2. Industry-related Regulatory updates and developments 3. New retail trading trends 4. Prop trading industry updates 5. Executive interviews Education: Bachelor of Technology - National Institute of Technology, Agartala (India)

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