Revolut has expanded its choices in Asia by launching its Robo-Advisory companies in Singapore, the fintech introduced at the moment (Wednesday).
Automated Funding Service
The service can be tailor-made to buyers by assessing their threat tolerance and monetary objectives by way of a collection of questions. Clients solely must deposit funds into their portfolios, and the Robo-Advisor will deal with market investments routinely. It would additionally monitor the portfolio actively and rebalance it primarily based on the efficiency of the belongings.
The UK-based fintech first launched Robo-Advisory companies to its United States clients in June 2023, adopted by its launch within the European Financial Space in February 2024.
The corporate promotes the automated service as a time-saving software for patrons.
Raymond Ng, CEO of Revolut Singapore; Picture: LinkedIn
“We all know that lots of our clients shouldn’t have the time to handle a portfolio or spend money on particular person securities,” stated Raymond Ng, CEO of Revolut Singapore.
“This service is designed to make investing extra accessible,” he added. “We need to assist clients develop their cash in a approach that’s simple and handy. We’re additionally working to develop the vary of funding choices out there by way of the Robo-Advisor and plan so as to add extra monetary planning instruments.”
Low Entry Barrier
Revolut has set a minimal funding requirement of USD 100 for its Robo-Advisory companies. An annual portfolio administration price of 0.75 per cent of the portfolio worth can be charged month-to-month.
Moreover, clients can arrange recurring transfers ranging from USD 10 to their Robo-Advisor portfolios. Revolut debit card holders may also have the choice to speculate the spare change from transactions straight into their portfolios.
In the meantime, the British fintech is working to determine a stronger presence in Singapore by way of different companies. Final yr, it launched business-to-business choices within the nation. Not too long ago, it enhanced safety features by enabling in-app calls for private customers.
Revolut’s product enlargement has additionally been evident with its partnership with CMC Join final yr to supply contracts for variations (CFDs). Presently, these merchandise can be found in three European nations, with plans for additional enlargement throughout the continent.
Revolut has expanded its choices in Asia by launching its Robo-Advisory companies in Singapore, the fintech introduced at the moment (Wednesday).
Automated Funding Service
The service can be tailor-made to buyers by assessing their threat tolerance and monetary objectives by way of a collection of questions. Clients solely must deposit funds into their portfolios, and the Robo-Advisor will deal with market investments routinely. It would additionally monitor the portfolio actively and rebalance it primarily based on the efficiency of the belongings.
The UK-based fintech first launched Robo-Advisory companies to its United States clients in June 2023, adopted by its launch within the European Financial Space in February 2024.
The corporate promotes the automated service as a time-saving software for patrons.
Raymond Ng, CEO of Revolut Singapore; Picture: LinkedIn
“We all know that lots of our clients shouldn’t have the time to handle a portfolio or spend money on particular person securities,” stated Raymond Ng, CEO of Revolut Singapore.
“This service is designed to make investing extra accessible,” he added. “We need to assist clients develop their cash in a approach that’s simple and handy. We’re additionally working to develop the vary of funding choices out there by way of the Robo-Advisor and plan so as to add extra monetary planning instruments.”
Low Entry Barrier
Revolut has set a minimal funding requirement of USD 100 for its Robo-Advisory companies. An annual portfolio administration price of 0.75 per cent of the portfolio worth can be charged month-to-month.
Moreover, clients can arrange recurring transfers ranging from USD 10 to their Robo-Advisor portfolios. Revolut debit card holders may also have the choice to speculate the spare change from transactions straight into their portfolios.
In the meantime, the British fintech is working to determine a stronger presence in Singapore by way of different companies. Final yr, it launched business-to-business choices within the nation. Not too long ago, it enhanced safety features by enabling in-app calls for private customers.
Revolut’s product enlargement has additionally been evident with its partnership with CMC Join final yr to supply contracts for variations (CFDs). Presently, these merchandise can be found in three European nations, with plans for additional enlargement throughout the continent.
