Splitwise
Finance
Revolut
Finance
Splitwise vs Revolut 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 | Splitwise | Revolut |
|---|---|---|
| SGD pricing (incl. 9% GST) | S$0/mo | S$10.99/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
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.
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.
Pros & cons — Singapore view
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
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
Who should choose which
Choose Splitwise if...
›Startups with informal expense sharing
›Small project teams
›Non-profit organizations with shared costs
›Friends sharing bills
Choose Revolut if...
›Businesses with cross-border operations
›Companies managing multiple currencies
›SMEs needing corporate cards
›E-commerce businesses
Singapore FAQ
Is Splitwise available in Singapore?
The provided search results do not contain any information about Splitwise's availability in Singapore. Therefore, its availability is unconfirmed based on these sources.
Does Splitwise support SGD pricing?
The provided search results do not contain any information about Splitwise's pricing in SGD or any currency. Therefore, SGD pricing support is unconfirmed based on these sources.
Is Splitwise PSG-eligible?
The search results discuss the PSG Grant for 'Finance' solutions like 'Cloud accounting software' and 'E-payment solutions,' but Splitwise is not explicitly mentioned as a pre-approved vendor or solution. Eligibility for Splitwise specifically is unconfirmed based on these sources.
Is Splitwise PDPA compliant?
The provided search results do not contain any information regarding Splitwise's PDPA compliance. Therefore, its PDPA compliance is unconfirmed based on these sources.
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Read our full Singapore reviews before deciding.