Revolutlaunched a money market fund product for business customers in Singapore,giving small and medium-sized companies access to returns that havehistorically been limited to large corporations with substantial cash reserves.Revolut Singapore ExpandsBusiness Offerings with Money Market Fund AccessThe “FlexibleCash Funds” offering allows businesses on the company's higher-tier plans toearn up to 4.48% annual percentage yield on U.S. dollar deposits, with theability to withdraw funds within two business days under normal conditions.The productsupports British pounds, euros and U.S. dollars across up to 100 separate fundaccounts."We'reproud to make money market funds accessible to companies of all sizes, not justlarge asset managers or those with substantial reserves," said JamesGibson, head of Revolut Business.The fundsmanage over $500 million globally in assets under management, according to thecompany.Revolut hasadded several features for Singapore business customers in recent months. Thecompany enabled Chineseyuan SWIFT transfers, allowing businesses to send renminbi to internationalrecipients. Integration with WizzAir, QuickBooks and NetSuite accounting platforms went live forAsia-Pacific users, joining existing connections with Xero and FreeAgent.Revolut Singapore Customers Surge 125% in Debut QuarterRevolut'sSingapore business unit has posted quarterly customer growth averaging above50% sincelaunching in August 2024. The first quarter saw a 125% jump in businesssign-ups, though the company declined to provide absolute customer numbers.The timingcoincides with rising anxiety among Singapore businesses about economicconditions. A survey by Singapore Business Federation found the share ofcompanies expecting deterioration nearly doubled between the fourth quarter of2024 and first quarter of 2025.TheSingapore business team plans to increase staff ninefold from its August 2024launch levels by year-end, though Revolut didn't specify current or targetheadcount figures.AshleyThomas, head of strategy and operations for Revolut Singapore, said thebusiness division is attempting to replicate the company's retail growth in thecorporate segment. "Wehave our ears close to the ground, always listening to our customers andconstantly seeking ways to enhance our offerings," Thomas said.Stablecoin ConversionAddedSeparately,Revolut introduced fee-free conversion between U.S. dollars and stablecoinsUSDC and USDT at a 1:1 ratio. The feature eliminates the small spreadstypically charged on fiat-to-stablecoin exchanges. The move comes two weeksafter the service was introducedunder thenew EU crypto license."Everytime I go on-chain, I struggle with the same thing: you never actually get 1:1when moving between fiat and stablecoins," said Leonid Bashlykov, head ofproduct for crypto at Revolut. "There's always that annoying 0.0002spread, or a hidden fee somewhere."Users canmove stablecoins across multiple blockchain networks and link balances to Visaand Mastercard for daily purchases, with biometric security for withdrawals.Revolut hasover 65 million retail customers globally and hundreds of thousands of businessaccounts. Recently, the UK-based fintech also secureda banking license in Mexico. This article was written by Damian Chmiel at www.financemagnates.com.