Aspire
Aspire is a Singapore-headquartered B2B fintech that provides an all-in-one financial operating system—multi-currency accounts, corporate cards, FX, payments, expense management, yield, EOR, and AspireOS embedded banking—for startups, SMEs, and mid-sized companies across 30+ markets.
- Company typePrivate
- Founded2018
- HeadquartersSingapore, Singapore
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
What Aspire does
Aspire is a Singapore-headquartered B2B fintech founded in 2018 that operates an all-in-one financial operating system for growing businesses. Its core offering combines multi-currency business accounts, smart corporate cards, foreign exchange and cross-border payments, expense and budget management, yield on idle balances, accounts receivable, and global payroll into a single dashboard. The platform is API-first, with a public Card Issuance API and a growing library of native integrations into accounting (Xero, QuickBooks, Oracle NetSuite, SAP, Deskera), payroll (Talenox, Payboy, HReasily), and HR (Deel-powered EOR for hiring in 150+ countries) systems. Customer funds are safeguarded with Tier-1 institutions including DBS, JPMorgan, Citibank, and Visa.
The company serves startups, SMEs, and mid-sized companies across more than 30 markets, with a stated base of 50,000+ businesses and reported 50% year-over-year growth. Distribution is hybrid: a self-serve, freemium-led motion (free Basic tier, SGD $15/month Premium) for smaller customers, supplemented by inside sales for mid-market accounts and a partnership-driven channel (Antler, Osome, Visa Direct, Wise Platform) for segment-specific reach. Geographic footprint has expanded rapidly since 2023, with new operations in Hong Kong (2024), Australia and the Netherlands (2025), and the United States (April 2026), underpinned by eight regulatory licenses across Singapore, Hong Kong, Australia, the EU, and the US.
Revenue is diversified across subscription fees, FX margins (from 0.22% above mid-market), card interchange, yield management fees (0.25–0.50% annually), EOR per-seat pricing, and usage-based AspireOS embedded banking fees. Aspire raised a US$100 million Series C in February 2023 led by Lightspeed and Sequoia Capital SEA, and reports operating at breakeven while continuing to invest in geographic and product expansion, including the November 2025 launch of AspireOS—an AI-powered modular embedded banking platform targeting banks, fintechs, and marketplaces.
Aspire firmographics
Firmographics- Name
- Aspire
- Legal name
- Aspire FT Pte. Ltd.
- Website
- https://aspireapp.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Aspire is a Singapore-headquartered B2B fintech that provides an all-in-one financial operating system—multi-currency accounts, corporate cards, FX, payments, expense management, yield, EOR, and AspireOS embedded banking—for startups, SMEs, and mid-sized companies across 30+ markets.
- Ownership category
- akta.pro rank
Aspire industry classification
Industry- Product category
- Business Banking and Corporate Financial Software
- NAICS
- Credit Card Issuing (522210), Sales Financing (52222), Custom Computer Programming Services (541511)
- SIC
- Services-Computer Programming Services (7371), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Embedded Card Issuing & Card-as-a-Service (FSAGALAC)
- akta.pro secondary industry
- Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)
Keywords
Where Aspire is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices5 records
Markets served
Aspire business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- Subscription (SaaS plans): Monthly subscription for Basic (SGD $0/month) and Premium (SGD $15/month) tiers, plus EOR at USD $399/employee/month and custom enterprise pricing with relationship manager.
- Transaction & FX fees: FX margins on currency conversion (from 0.22% above mid-market on Premium), SWIFT receive fees (SGD $35 / USD $8), SWIFT send fees (USD $15 SHA, USD $30 OURS), and bulk international transfer fees (from SGD $0.30).
- Yield / Treasury Management fees: Annual fee of 0.50% (Basic) or 0.25% (Premium) on average daily NAV in Yield account, charged monthly. Additional Fullerton fund manager fee of 0.16%. Atomic partnership embeds high-yield treasury management.
- Card fees and interchange (cashback economics): Card interchange revenue offsets 1% (Basic) and 1.2% (Premium) unlimited cashback paid to customers. Physical cards cost SGD $15 for additional cards; metal cards cost SGD $50; ATM overseas withdrawals cost SGD $5.
- Employer of Record (EOR) services: Recurring per-employee fee starting from USD $399/employee/month for EOR services covering payroll, benefits, tax filing, and compliance in 150+ countries. Powered by Deel.
- Embedded / BaaS (AspireOS) platform fees: Modular and usage-based pricing for AspireOS embedded banking platform serving fintechs, financial institutions, platforms, marketplaces, Web3 companies, and enterprises. Volume-based discounts at scale.
- Partner referral revenue / kickbacks: Perks and rewards program offers exclusive partner discounts (e.g., "exclusive rewards of over SGD $50,000 with our platform partners") indicating referral/affiliate revenue streams from SaaS partners.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Basic plan - free forever tier for managing and scaling business globally |
| Subscription | Monthly | Premium plan - smarter savings, VIP support, and exclusive perks |
| Per seat | Monthly | Employer of Record (EOR) - global hiring add-on |
| Other | Multi-year contract | Custom / Enterprise pricing |
| Usage-based | Pay-as-you-go | AspireOS embedded platform pricing |
| Transaction based/ take rate | Pay-as-you-go | Transaction-based fees (FX, SWIFT, cards) |
Go-to-market motion6 records
Distribution channels6 records
Marketing channels8 records
Aspire product offering
Product offeringCore offering
Aspire provides an all-in-one financial operating system for businesses that combines multi-currency business accounts, corporate cards with merchant/category locks, cross-border FX and payments in 30+ currencies across 130+ countries, expense and budget management, yield on idle cash, payroll, invoicing, and integrated Employer of Record hiring. The platform also offers AspireOS, an AI-powered embedded banking-as-a-service infrastructure for banks, fintechs, and platforms.
Differentiator
Problem solved
Functional benefit
Brands
- AspireOS: An AI-powered, modular platform launched in 2025 to help banks modernize digital business banking, offering solutions across onboarding, payments, credit, and accounting workflows.
- Aspire Premium
- AspireX
- Aspire Yield
Products and services
- Multi-Currency Business Account
- Smart Corporate Cards
- Global Payments and FX
- Aspire Yield
- Expense Management
- Budget Management
- Accounts Receivable / Automated Invoicing
- Aspire EOR (Employer of Record)
- AspireOS Embedded Banking Platform
Quantifiable outcome
- Customer case studies report $28,000 to $111,000 saved per year and 320 to 2,834 hours saved per year on financial operations
- +7 more outcomes
Companies that use Aspire
Customer profileNamed customers14 records
Segments10 records
Ideal customer profiles5 records
Aspire technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration13 records
AI capability9 records
Feature10 records
Aspire partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered strategic, flagship and core.
- AtomicstrategicAnnounced April 2026 partnership to embed institutional-grade treasury management into Aspire's platform. Atomic provides access to money market funds, U.S. Treasury securities, and cash sweep products, enabling Aspire's business customers to earn yield on idle balances. Positions Atomic to leverage Aspire's 50,000+ business base across 30+ markets.
- J.P. Morgan PaymentsflagshipAnnounced April 2026 partnership to provide foreign exchange services for cross-border business transactions. Enables FX-to-wallet conversion in five currencies (SGD, USD, GBP, EUR, HKD) powered by J.P. Morgan's infrastructure. Aims to improve pricing, broaden payment corridors, and strengthen Aspire's market infrastructure across 30+ markets. J.P. Morgan Payments processes over USD $10 trillion in payments daily in 160+ countries.
- Wise PlatformflagshipTechnology partnership began in Singapore in 2019, expanded to Hong Kong in December 2025 to enable fast, low-cost international payments in 40+ currencies. Supports over 50,000 Aspire companies across more than 30 markets; over half of Aspire payments are now delivered instantly. Partnership supports transfers to Singapore, United States, Australia, Japan, and Korea.
- StripestrategicUS launch partnership (April 2026). Aspire and Stripe partnered to improve cross-border payment processing for Hong Kong businesses, enabling faster revenue access, multi-currency support, and digital wallet transactions. Stripe was also a key partner for Aspire's US market entry.
- DeelflagshipPartnered to integrate Deel's Employer of Record (EOR) infrastructure into Aspire's financial platform, enabling businesses to hire, pay, and manage teams across 150+ countries. Powers Aspire EOR offering launched November 2025. Aspire data shows 63% of businesses employ or plan to employ staff outside their country of incorporation.
- AntlerstrategicStrategic partnership announced February 2026 with early-stage investor Antler to reach startup founders at inception. Gives Aspire access to Antler's pipeline of hundreds of startups across Southeast Asia and Japan each year. Both companies highlighted rising cross-border activity as a defining feature of newer startup cohorts.
- OsomecoreDeepened partnership with digital business solutions provider Osome in July 2025 to help entrepreneurs in Singapore and Hong Kong automate financial admin tasks through Aspire's bank integration on Osome's AI-enabled platform. The integration enables automated bank data extraction and reconciliation, potentially reducing costs by 35-46%. Both companies conduct joint community and educational outreach.
- Fullerton Fund ManagementflagshipFunds management partner for Aspire Yield, offering exposure to Fullerton SGD Cash Fund Class A and Fullerton USD Cash Fund Class A. Fullerton is part of Seviora, an independent asset management group owned by Temasek. Established in 2003, headquartered in Singapore. Funds are invested in low-risk money market funds.
- Xero, QuickBooks, Oracle Netsuite, SAP, Deskera, Zoho ExpensecoreNative accounting software integrations enabling automated reconciliation, real-time expense syncing, and one-click close of books. Customers can sync card payments, employee claims, and receipts with these platforms.
- Talenox, Payboy, HReasilycorePayroll software integrations enabling automated data syncing for salaries, CPF, and contractor payments. Aspire was the first fintech to integrate directly with Payboy (August 2025).
- Visa DirectcorePartnered with Visa Direct to offer localized cross-border B2B payment solutions for SMEs, leveraging AI for fraud detection, encryption, and tokenization. References Aspire as a fintech partner addressing payment pain points in the $30 trillion B2B trade market.
- AFT SG 2 Pte Ltd (AFT)coreProvides Yield product in Singapore. AFT is licensed under the Securities and Futures Act in respect of dealing in capital markets products (collective investment schemes) and providing custodial services.
- Akash Kaul (VP of Global Expansion)coreFormer Revolut executive joined Aspire as VP of Global Expansion as part of the leadership team supporting international growth.
Scale indicators15 records
Recent moves10 records
Expansion highlights9 records
Aspire competitors and assessment
Company assessmentDirect peers
- Brex: US-based all-in-one corporate card and spend management platform for startups and SMBs. Direct competitor Aspire has publicly stated it will compete against in the US launch, with overlapping product surface (cards, expense, bill pay, accounts).
- Ramp: US corporate card and spend management platform targeting SMBs and mid-market. Closest direct competitor on cards + expense management + bill pay; Aspire explicitly named Ramp as a US competitor.
- Mercury: US digital business banking platform serving startups and SMBs with multi-currency accounts, cards, and treasury. Direct comparable on the business-banking side, especially for venture-backed startups — Aspire's core APAC segment.
- Rho: US business banking + corporate cards platform with treasury and AP/AR for startups and mid-market. Direct competitor named by Aspire as a US target, with similar integrated stack positioning.
- Airwallex: APAC-founded global business account and cross-border payments platform. Most direct APAC competitor with overlapping multi-currency accounts, FX, cards, expense, and embedded offerings. Aspire markets itself on beating Airwallex's FX rates.
- Revolut Business: Global multi-currency business account and cards platform with FX, expense, and treasury. Direct comparable on the cross-border SMB banking thesis; Aspire has hired senior leaders from Revolut to support its expansion.
Broad incumbents
- Wise (Business): Global cross-border payments specialist; serves businesses with multi-currency accounts and FX. Also a key infrastructure partner to Aspire via Wise Platform — making it both a competitor and a supplier.
Regional players
- YouBiz: Singapore-headquartered corporate cards and spend management platform targeting APAC startups and SMBs. Closest regional direct peer in Aspire's home market with comparable cards + multi-currency positioning.
- ANEXT Bank: Singapore-headquartered digital business bank by Ant Group, serving SMEs with multi-currency accounts and deposits. Regional comparable licensed under MAS, competing for the same Singapore SMB and regional startup customer base.
Emerging players
- Deel: Global EOR, payroll, and contractor management platform; both a partner (powers Aspire EOR) and a competitor for the global hiring use case. As customers consolidate spend onto Deel's adjacent finance products, Aspire's EOR monetization is exposed.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
Aspire social profiles
Digital presenceAspire financial estimates
Financial estimateRevenue estimate
Valuation estimate
Aspire leadership team
Management profileNumber of profiles
Profiles7 records
Aspire subsidiaries and ownership
Company hierarchySubsidiaries1 record
Aspire funding detail
Funding detailFunding overview
Funding rounds5 records
Investors24 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Aspire M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Aspire
What does Aspire do?
Aspire provides an all-in-one financial operating system for businesses that combines multi-currency business accounts, corporate cards with merchant/category locks, cross-border FX and payments in 30+ currencies across 130+ countries, expense and budget management, yield on idle cash, payroll, invoicing, and integrated Employer of Record hiring. The platform also offers AspireOS, an AI-powered embedded banking-as-a-service infrastructure for banks, fintechs, and platforms.
Is Aspire a public or private company?
Aspire is a private company. It is classified as venture growth investor backed and is currently operating.
When was Aspire founded?
Aspire was founded in 2018. It employs 501 to 1,000 people.
Where is Aspire based?
Aspire is headquartered in Singapore, Singapore, in the Asia region.
How does Aspire make money?
Seven revenue lines are on record. Subscription (SaaS plans) is the primary driver. The others are transaction & FX fees, yield / Treasury Management fees, card fees and interchange (cashback economics), employer of Record (EOR) services, embedded / BaaS (AspireOS) platform fees and partner referral revenue / kickbacks.
Who are Aspire's main competitors?
Direct peers on record are Brex, Ramp, Mercury, Rho, Airwallex and Revolut Business. Wise (Business) is listed as a broad incumbent. Regional players are YouBiz and ANEXT Bank. Deel is listed as an emerging player.
Does Aspire have an API?
Yes. Aspire offers a developer-facing API enabling programmatic creation of unlimited virtual cards, integration into payment workflows, card issuance automation, and direct connectivity to underlying spend controls and accounting systems (Xero, QuickBooks, NetSuite, SAP). Developer documentation is at app.aspireapp.com/api.
What industry is Aspire in?
Aspire's product category is Business Banking and Corporate Financial Software. Its primary akta.pro industry code is FSAGALAC, Embedded Card Issuing & Card-as-a-Service, with a secondary code of FSAGALAK, Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes). Its NAICS code is 522210 and its SIC code is 7371.