Revolut, the global financial superapp with over 20 million customers, has appointed Raymond Ng as Singapore CEO as it continues to grow in Singapore.
The new appointment follows Revolut recently announcing the launch of its crypto products in Singapore. Revolut's customer base in Singapore has grown 6-fold since the onset of the COVID-19 pandemic, and its revenue run rate has more than doubled in the past 12 months.
Prior to joining Revolut, Raymond was the Chief Commercial Officer at Liquid Group Pte. Ltd., a leading payment network company, overseeing the product and business development and global expansion. He also previously held senior executive roles with large global corporations such as Microsoft, Visa and MasterCard as well as with tech startups.
Raymond will focus on leading and building the next chapter of Revolut's expansion in Singapore, developing and implementing the local business strategy.
Revolut is committed to establishing Singapore as one of the cornerstones of its global business and plans to establish several global product hubs.
On the appointment, Nik Storonsky, CEO and Founder at Revolut, said: "With a wealth of experience in the mobile, payment and travel tech sectors and an outstanding track record in scaling the business across new markets in the APAC region, Raymond is an excellent fit for the role and his appointment is a major achievement in our continued mission to become the world's first truly global financial superapp."
Raymond Ng, Revolut Singapore CEO, said, "I'm thrilled to lead the exceptionally talented team and bring Revolut's super app offering to Singapore as we continue to develop the best financial solutions for millions in Singapore, especially those who are looking for hassle-free digital alternatives to get more from their money."