Meet the $33B fintech super app Revolut. Just two years after hitting SEA waters with its Singapore launch, it already scooped up over 77,000 users in the country.

• Revolut is a neobank that uses APIs to tap and integrate existing banking and financial services onto its platform.

Instead of going wide into other SEA markets, the London-based fintech is anchoring itself deeper into Singapore by releasing new features.

• Revolut SG currently offers three subscription tiers with features like cards and bank accounts, international transfers and cashback rewards.

🤩  Mom, I got my license!

It just received a Capital Markets Services (CMS) license from Singapore's monetary authority to release its stock trading feature in the country in 2022 — a model similar to Robinhood.

Talking stonks. Its trading feature will allow users to buy fractional shares commission-free. (We know some stocks like Apple can cost a ton per share, so buy a fraction for less $$$!).

• Standard subscribers (its lowest tier) will be allowed three commission-free trades per month.
• Metal subscribers (its highest tier) will have unlimited commission-free trades per month.

Competition? It won't be the only one with fractional and commission-free trading in SG. SG-based GoTrade currently has over 100,000 users globally and raised $7M from YC, Pincus Capital and more. Unlike Revolut, it doesn't charge subscriptions.

• Other competitors include Saxo Bank, interactive brokers and eToro.

🌏  SEA Takeover

Time's ticking. Revolut SG's CEO says they'll have to wait for licenses or find partnerships within SEA because of the different regulatory requirements per country.

• It can't launch in other countries and roll out all its features without these licenses and partnerships.