Revolut
Finance
Splitwise
Finance
Revolut vs Splitwise in Singapore — which is right for your business?
Both are finance tools used by Singapore businesses. Here is a side-by-side comparison covering SGD pricing, PSG eligibility, PDPA compliance, and local context to help you decide.
Singapore-specific comparison
| Criterion | Revolut | Splitwise |
|---|---|---|
| SGD pricing (incl. 9% GST) | S$10.99/mo | S$0/mo |
| Free tier | Yes | Yes |
| PSG grant eligible | Checking | Checking |
| PDPA compliant | No | No |
| SG / APAC data centre | Not confirmed | Not confirmed |
| GST / InvoiceNow ready | No | No |
| PayNow / local bank feeds | No | No |
| CPF payroll support | No | No |
| SkillsFuture eligible | No | No |
Stackd verdict
Revolut
Revolut Business caters to Singapore-registered companies, allowing them to manage international payments and expenses effectively. It offers local account details for various currencies, streamlining cross-border transactions for businesses operating here.
Splitwise
Singaporean businesses can use it for informal team expenses, but it's not a substitute for formal accounting software or a PSG-eligible solution for broader digital transformation.
Pros & cons — Singapore view
Revolut
Pros
+Multi-currency accounts in 25+ currencies with local details
+Corporate cards available (complimentary metal cards on higher tiers)
+Competitive interbank FX rates (within limits)
+Supports international transfers in 30+ currencies
Cons
–Fees for exceeding monthly FX limits
–Fees for additional international and domestic transfers beyond plan allowance
–Additional 1% fee for exchanges outside foreign exchange market hours
Splitwise
Pros
+Simple expense allocation for small teams
+Clear financial overview for shared costs
+Reduces manual reconciliation for informal groups
+Easy expense tracking
Cons
–Not designed for official accounting
–Lacks integration with payroll/HR systems
–Limited audit trail for formal business use
Who should choose which
Choose Revolut if...
›Businesses with cross-border operations
›Companies managing multiple currencies
›SMEs needing corporate cards
›E-commerce businesses
Choose Splitwise if...
›Startups with informal expense sharing
›Small project teams
›Non-profit organizations with shared costs
›Friends sharing bills
Singapore FAQ
Is Revolut available in Singapore?
Yes, Revolut launched in Singapore in 2019 and serves both personal and business users, holding a Major Payment Institution licence from MAS.
Does Revolut support SGD pricing?
Yes, Revolut offers personal and business plans with monthly fees quoted in SGD, starting from S$0 for free tiers.
Is Revolut PSG-eligible?
The provided search results do not confirm if Revolut is PSG-eligible.
Is Revolut PDPA compliant?
The provided search results do not confirm if Revolut is PDPA compliant.
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Compare →Want to explore each tool further?
Read our full Singapore reviews before deciding.