Anext Bank
Anext Bank is a Singapore-licensed digital wholesale bank, wholly owned by Ant International, serving MSMEs with multi-currency business accounts, flexible SME loans, cross-border transfers, and an embedded finance API.
- Company typePrivate
- Founded2022
- HeadquartersSingapore, Singapore
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Anext Bank does
Anext Bank Pte. Ltd. operates as a Singapore-incorporated digital wholesale bank, licensed by the Monetary Authority of Singapore (MAS) and wholly-owned by Ant International. Founded in 2022 and commercially launched in June 2022, the bank targets Singapore-incorporated micro, small, and medium enterprises (MSMEs), particularly those with cross-border operations across Southeast Asia. Its core product suite comprises a multi-currency business account (10 currencies including SGD, USD, CNH, EUR, HKD, JPY, KRW, MYR, THB) paying up to 0.8% p.a. daily interest, four loan products (CreditNow revolving credit, Pay-Per-Use credit line, Pay Monthly term loans up to 5 years, and Secured Business Loans up to 80% LTV), ANEXT Flash same-day cross-border transfers via local rails, SGD/USD/EUR fixed deposits, and an Embedded Finance API for partner platforms.
The bank operates a fully digital, branchless model on cloud-native infrastructure shared with Ant International, supporting self-serve onboarding via CorpPass and MyInfo Business with same-day account opening. It runs three concurrent go-to-market motions: product-led growth through direct digital channels, API-first embedded finance via business platforms, and community-led acquisition through the SME Friends of ANEXT program. Revenue is generated primarily through net interest spread on deposits and loans, supplemented by transaction fees on international transfers and one-time loan facility fees. Anext serves over 22,000 Singapore businesses as of mid-2026, with a S$1.2 billion deposit base (2025) and reported net interest income of S$38.2 million against a widened S$49.8 million net loss, targeting operational break-even by 2027.
Anext Bank firmographics
Firmographics- Name
- Anext Bank
- Legal name
- ANEXT Bank Pte. Ltd.
- Website
- https://anext.com.sg
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Anext Bank is a Singapore-licensed digital wholesale bank, wholly owned by Ant International, serving MSMEs with multi-currency business accounts, flexible SME loans, cross-border transfers, and an embedded finance API.
- Ownership category
- akta.pro rank
Anext Bank industry classification
Industry- Product category
- Digital Wholesale Banking
- NAICS
- Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE)
- akta.pro secondary industries
- SME & Business Cross-Border Payments (FSAGAKAB), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)
Keywords
Where Anext Bank is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices1 record
Markets served
Anext Bank business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Net Interest Income — Business Loans: Anext Bank earns interest income on its loan portfolio including CreditNow (revolving credit), Pay-Per-Use (credit line), Pay Monthly (term loans), and Secured Business Loans. Interest is charged on drawn amounts and forms the primary revenue stream alongside deposit funding.
- Net Interest Income — Deposits: The bank pays interest on SGD, USD, and EUR business account balances (up to 0.8% p.a. base rate) and earns a spread between the rate paid to depositors and the rate charged on loans. Interest is paid daily on account balances.
- Transaction & Transfer Fees: Fees charged for outgoing international transfers via SWIFT (starting from USD 10, SGD 15, CNH 125, or EUR 10 depending on charge option) and ANEXT Flash (flat fee). Domestic transfers via FAST, PayNow, and GIRO are free. MEPS transfers charged at S$5 per transaction.
- Loan Facility Fees: One-time facility fees charged upon successful acceptance of loans. CreditNow has no facility fee. Pay-Per-Use charges up to 2% of loan amount or SGD 200 (whichever is higher). Secured Business Loans charge 1% of loan quantum or SGD 10,000 (whichever is higher).
- Fixed Deposit Revenue: Fixed deposits in SGD, USD, and EUR generate returns for customers while the bank deploys these deposits in lending and investment activities. Competitive rates offered across tenures from 1 to 12 months.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Pay-as-you-go | Base rate up to 0.8% p.a. on SGD, USD, EUR balances with daily interest payout |
| Subscription | Multi-year contract | Fixed Deposit rates from 0.80% to 3.35% p.a. depending on currency, tenure, and amount |
| Transaction based/ take rate | Pay-as-you-go | ANEXT Flash: flat single fee; SWIFT: from SGD 15 / USD 10 / CNH 125 / EUR 10 |
| Subscription | Monthly | Business Loans from SGD 5,000 to SGD 500,000 across CreditNow, Pay-Per-Use, Pay Monthly, and Secured options |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
Anext Bank product offering
Product offeringCore offering
Anext Bank is a MAS-licensed digital wholesale bank that provides Singapore MSMEs with a multi-currency business account, flexible business loans (revolving credit, credit lines, term loans, secured property-backed loans), fixed deposits, cross-border transfer services via ANEXT Flash and SWIFT, and an embedded finance API for partner platforms. All services are delivered digitally with no physical branches, targeting SMEs with cross-border operations primarily in Singapore and Southeast Asia.
Product overview
Anext Bank is a digital wholesale bank offering a comprehensive SME banking platform comprising core products (Business Account, Business Loans platform, ANEXT Flash), multiple loan modules (CreditNow, Pay-Per-Use, Pay Monthly, Secured Business Loan), Fixed Deposits, and an Embedded Finance API for partner integration. The bank is licensed by the Monetary Authority of Singapore and focuses on serving Singapore MSMEs with cross-border operations, providing multi-currency accounts, flexible financing solutions, and API-driven embedded finance capabilities for business platforms.
Differentiator
Problem solved
Functional benefit
Products and services
- Business Account Multi-currency business account supporting 10 currencies (SGD, USD, CNH, EUR, GBP, HKD, JPY, KRW, MYR, THB) with up to 0.8% p.a. daily interest on SGD, USD, and EUR balances. Includes unlimited free local transfers via FAST/PayNow/GIRO, flat-fee SWIFT international transfers, ANEXT Flash cross-border transfers, and full self-serve onboarding via CorpPass/MyInfo Business. Targeted at Singapore-incorporated MSMEs.
- Business Loans Flexible financing solutions platform offering four loan products — CreditNow (revolving credit), Pay-Per-Use (credit line), Pay Monthly (term loans), and Secured Business Loans — for Singapore MSMEs. Loan amounts range from SGD 5,000 to SGD 500,000 with tenures from 6 months to 5 years, and no early repayment fees across most options.
- CreditNow Revolving credit facility offering up to SGD 300,000 for existing ANEXT customers with at least 6 months of account activity. Flexible drawdown and repayment over 12 months with no facility fees, no early repayment charges, and no collateral or documents required. Credit decisions use alternative-data analytics on account behaviour.
- Pay-Per-Use Credit line from SGD 5,000 to SGD 500,000 with repayment terms up to 6 months. Borrowers withdraw funds as needed and pay a flat monthly fee on each drawdown, with principal repaid in the final month. Facility fee up to 2% of loan amount or SGD 200, whichever is higher; no early repayment fees.
- Pay Monthly Term loans from SGD 5,000 to SGD 500,000 with fixed monthly instalments over 1 to 5 years. Principal and interest are bundled into equal monthly payments. No early repayment fees. Designed for Singapore SMEs seeking predictable financing for expansion or working capital.
- Secured Business Loan Property-backed financing allowing borrowers to access up to 80% of property value (LTV). Eligible collateral includes private residential, commercial, or industrial properties. Facility fee of 1% of loan quantum or SGD 10,000, whichever is higher. Supports refinancing of existing property loans for Singapore SMEs.
- Fixed Deposit Fixed deposit accounts in SGD, USD, and EUR with flexible tenures from 1 to 12 months. Minimum placement EUR 5,000, SGD 250,000, or USD 5,000; maximum SGD 10,000,000 per currency. Rates from 0.80% to 3.35% p.a. depending on currency, tenure, and amount. No early withdrawal fees; funds earn daily interest at prevailing business account rates upon premature withdrawal.
- ANEXT Flash Cross-border transfer service enabling USD and EUR transfers to Hong Kong, the US, and EEA countries within 1 working day. Uses local payment rails for faster delivery at a single flat fee with no hidden deductions. Also supports CNH transfers to MYBANK in China. Targeted at SMEs with international supplier and customer payments.
- Embedded Finance API Partner API infrastructure enabling business platforms and digital ecosystems in Southeast Asia to embed Anext's financing, account, and payment services into their own products. Allows third-party platforms to offer regulated banking services natively to their MSME customers without obtaining their own banking licence.
Quantifiable outcome
- Deposit base grew 27 percent to S$1.2 billion in 2025
- +4 more outcomes
Companies that use Anext Bank
Customer profileNamed customers11 records
Segments4 records
Ideal customer profiles3 records
Anext Bank technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
AI capability6 records
Feature4 records
Anext Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Ant International Antom (EPOS360)coreAnt International's Antom division launched EPOS360, an all-in-one MSME app integrating POS, payments, banking, and lending services in Singapore with plans to expand regionally. Anext Bank, as the operating bank for Ant International, provides the banking layer (accounts, loans) within the EPOS360 ecosystem, enabling seamless financial services for merchants. The app features AI copilot for operations, financing, and marketing, and supports online store setup.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Anext Bank competitors and assessment
Company assessmentDirect peers
- Aspire: Singapore-headquartered digital business banking platform offering multi-currency accounts, corporate cards, and cross-border payments to SMEs across Southeast Asia. Directly comparable to Anext in target customer (MSMEs), geography (Singapore/SEA), and product suite.
- Airwallex: Global fintech offering multi-currency business accounts, cross-border payments, and embedded finance APIs for SMEs and platforms. Competes directly with Anext on multi-currency accounts, FX, and API-driven embedded finance for the same MSME segment.
- Wise (TransferWise): Cross-border payments specialist serving consumers, SMEs, and platforms with multi-currency accounts. Directly comparable to Anext for SME cross-border payments (ANEXT Flash), multi-currency business accounts, and SME-facing treasury tools.
- Nium: Singapore-headquartered B2B cross-border payments infrastructure provider serving banks, fintechs, and platforms. Overlaps with Anext's ANEXT Flash and embedded finance API rails for SME and platform cross-border use cases.
Regional players
- Tide: UK-based digital business banking platform serving SMEs with accounts, payments, and lending. Highly comparable business model (digital-only SME bank with embedded finance APIs) but operates in the UK rather than Singapore/SEA.
Broad incumbents
- Revolut Business: Global neobank offering multi-currency business accounts, FX, payments, and expense tools to SMEs and larger companies. Competes with Anext on cross-border SME banking but as part of a much broader consumer + business portfolio.
- Starling Bank: UK-licensed digital bank with full banking services for consumers and SMEs, including business accounts, lending, and embedded banking via APIs. A comparable digital-bank model in a different geography with a more mature SME lending track record.
- DBS Bank: Singapore's largest incumbent bank with full SME banking, payments, treasury, and digital banking (DBS IDEAL, digibank) offerings. Direct competitor for Singapore MSME banking with much larger balance sheet and distribution.
- HSBC: Global incumbent bank with strong ASEAN franchise serving SMEs with multi-currency accounts, trade finance, and cross-border payments. Competes with Anext on cross-border SME banking with deeper global network and trade-finance capabilities.
Others
- WeBank: Ant Group's China-based digital bank serving SMEs and consumers with cloud-native infrastructure and AI-driven lending. Strategically related as an Ant-affiliated digital bank, sharing technology and ecosystem DNA with Anext but operating in a different regulatory and geographic market.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Anext Bank social profiles
Digital presenceAnext Bank compliance and trust
Trust signalCompliance2 records
Anext Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Anext Bank leadership team
Management profileNumber of profiles
Profiles1 record
Anext Bank funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Anext Bank 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 Anext Bank
What does Anext Bank do?
Anext Bank is a MAS-licensed digital wholesale bank that provides Singapore MSMEs with a multi-currency business account, flexible business loans (revolving credit, credit lines, term loans, secured property-backed loans), fixed deposits, cross-border transfer services via ANEXT Flash and SWIFT, and an embedded finance API for partner platforms. All services are delivered digitally with no physical branches, targeting SMEs with cross-border operations primarily in Singapore and Southeast Asia.
Is Anext Bank a public or private company?
Anext Bank is a private company. It is classified as corporate owned and is currently operating.
When was Anext Bank founded?
Anext Bank was founded in 2022. It employs 51 to 100 people.
Where is Anext Bank based?
Anext Bank is headquartered in Singapore, Singapore, in the Asia region.
How does Anext Bank make money?
Five revenue lines are on record. Net Interest Income — Business Loans are the primary driver. The others are net Interest Income — Deposits, transaction & Transfer Fees, loan Facility Fees and fixed Deposit Revenue.
Who are Anext Bank's main competitors?
Direct peers on record are Aspire, Airwallex, Wise (TransferWise) and Nium. Tide is listed as a regional player. Broad incumbents are Revolut Business, Starling Bank, DBS Bank and HSBC. WeBank is listed as an others.
Does Anext Bank have an API?
Yes. Anext Bank offers an API infrastructure that enables businesses and platforms to embed financing solutions into their products or platforms. The API allows partners to integrate financial services for their customers. Documentation available at https://anext.com.sg/bank/apis/ Developer documentation is at anext.com.sg/bank/apis.
What industry is Anext Bank in?
Anext Bank's product category is Digital Wholesale Banking. Its primary akta.pro industry code is FSAGALAE, Embedded Deposit Accounts & Digital Wallet Infrastructure, with a secondary code of FSAGAKAB, SME & Business Cross-Border Payments. Its NAICS code is 522110 and its SIC code is 6021.