S’pore fintech firm Aspire secures licences in Europe, US, Australia

Aspire, a Singapore-headquartered fintech company, has secured licences to operate in Australia, Europe and the United States as customers here increasingly seek overseas expansion.

- Sheila Chiang Business Correspondent

The latest additions bring the total to eight regulatory licences and registrations obtained over the past year.

Aspire primarily serves startups as well as small and mid-market businesses that are more digitally savvy and international, giving rise to complex payment, treasury and compliance needs.

Mr Andrea Baronchelli, co-founder and chief executive of Aspire, said that a growing number of Singapore companies operate globally.

“Our entry into markets like Australia, Europe and the United States means these companies can use Aspire as part of their own expansion toolkit.

“Instead of having to reestablish business operations and business banking relationships in each new market — a process that can be complex and time-consuming, particularly for foreign companies - clients can hit the ground running... and transact like a local business from day one,” he noted.