Fintech company Revolut has introduced its Robo-Advisor service in Singapore to facilitate automated investing.
This service is designed to simplify the investment process for customers by providing a customised portfolio management solution.
The Robo-Advisor allows Singaporean customers to invest in a diversified portfolio without the need for extensive research or active management.
This service is particularly beneficial for those with limited time or trading experience, stated the company.
By answering a set of questions, customers can have a portfolio tailored to their risk tolerance and financial goals.
Upon depositing a minimum of $100, the Robo-Advisor automatically invests and manages the funds.
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By GlobalDataThe Robo-Advisor will perform automatic rebalancing and periodic reviews to ensure portfolios remain aligned with customers’ risk preferences and investment targets.
Customers can also benefit from features such as recurring transfers from as little as $10 and spare change round-ups linked to their Revolut debit card purchases.
These options facilitate regular investing and leverage everyday spending to contribute to portfolio growth.
Revolut Singapore CEO Raymond Ng said: “We are excited to add a Robo-Advisor to our existing suite of wealth and trading products. We know that many of our customers do not have the time to manage a portfolio or invest in individual securities.
“Built to make investing more accessible, we want to give our customers the ability to make their money work for them in what we believe will be a tailored and stress-free solution.”
In May last year, the company introduced flexible accounts, its inaugural interest-bearing product in the market.
These accounts, which invest top-ups in USD-denominated Money Market Funds managed by Fidelity International, offer customers a better way to optimise their funds during periods of high inflation and escalating living costs.
In February 2024, Revolut launched a robo-advisory service in Ireland.