Aspire

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.

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

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

• Multi-currency business accounts
• Corporate spend management
• Cross-border B2B payments
• Embedded banking platform
• Global business finance

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. 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.
2. 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).
3. 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.
4. 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.
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.
6. 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.
7. 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

Go-to-market motion6 records

Distribution channels6 records

Marketing channels8 records

Core 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

Named customers14 records

Segments10 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

AI capability9 records

Feature10 records

Partnerships

13 partnerships are on record, tiered strategic, flagship and core.

• AtomicstrategicTechnology or Integration · 1 April 2026Announced 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 PaymentsflagshipStrategic or Co-development PartnerAnnounced 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 or IntegrationTechnology 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.
• StripestrategicTechnology or IntegrationUS 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.
• DeelflagshipStrategic or Co-development PartnerPartnered 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.
• AntlerstrategicGTM or Marketing PartnerStrategic 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.
• OsomecoreTechnology or IntegrationDeepened 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 ManagementflagshipTechnology or IntegrationFunds 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 ExpensecoreTechnology or IntegrationNative 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, HReasilycoreTechnology or IntegrationPayroll 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 DirectcoreTechnology or IntegrationPartnered 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)coreTechnology or IntegrationProvides 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)coreOthersFormer 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

Direct 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

• Xx.com/aspireapp_
• Facebookfacebook.com/AspireSingapore

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds5 records

Investors24 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aspire