SINGAPORE (Sept 24): Revolut, a commission-free trading service for stocks and other securities targeted at investors aged between 25 and 35, is coming to Singapore soon.

According to the Financial Times, Revolut is one of two of the fastest-growing fintech companies in Europe aiming their products at millennials. The other is Plum.

In the past two years, Revolut and Plum have signed up close to 3 million users with cheap and easy-to-use investments that appeal to a younger crowd.

“The goal is not to be just another medium-size bank — we want to become the Amazon of finance,” Chad West, head of marketing at Revolut, told FT. The bank has started offering exchange traded funds (ETFs) to its 2.6 million users across Europe.

Besides Singapore, West said it planned to launch Revolut in the US, Canada, Hong Kong and Japan this year.

Meanwhile, Plum, a robo-adviser tool focused on helping its 200,000 users save money and reduce spending, is rolling out six funds to all its customers on Sept 24 by partnering with Vanguard, Standard Life Aberdeen and Legal & General Investment Management.

Plum will offer three Vanguard funds designed for different risk profiles: conservative, balanced and growth. It will also provide access to three themed funds: an LGIM tech fund, an SLA ethical fund and a Vanguard emerging markets fund.

Victor Trokoudes, Plum's chief executive, said the investment themes were chosen to appeal to the interests of millennials and would consider rolling out funds focused on the environment, healthy eating and artificial intelligence.

In fact, a beta version of the Plum, which was open to 2,000 customers and has been running over the summer, managed to attract £500,000 ($279,328) in investments.