Revolut and TransferWise are both useful digital platforms offering you a multi-currency wallet and ability to exchange between hundreds of currencies within the app without expensive markups – saving you tons of foreign transaction fees when travelling or paying in foreign currencies.

With the two global fintech players launching in Singapore over the past two weeks, I compare the functionalities of the two services to understand their differences and value proposition.

If you missed my reviews for each of these platforms which you can read about them here (Revolut | TransferWise). Otherwise, let’s get started.

The following content contains a non-sponsored comparison, but may contain affiliate links. For my disclosure policies, please read them here. 

Background and introduction Revolut TransferWise Founded 2015 2011 Based in London, UK London, UK Funding Stage Series C Series E+ Funding Amount $336.9mn $772mn Top Investors DST Global
Index Ventures Andreessen Horowitz
Index Ventures
JP Morgan

Both

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