ASG2 Pte Ltd, a subsidiary of Aspire, a Singapore-headquartered finance platform, has on Thursday announced that it has secured the capital markets services license (CMS) from the Monetary Authority of Singapore (MAS).

The firm said in a statement that the licence will enable it to better serve businesses in Singapore by widening its offering to include regulated investment solutions designed to help them optimize their capital.

With the CMS license in hand, Aspire also announces the upcoming launch of Aspire Yield, a new investment solution integrated within the Aspire Business Account.

It noted that Aspire Yield enhances Aspire’s all-in-one financial platform, providing businesses with seamless access to investment opportunities while managing their finances in one place.

According to the statement, small businesses have long been excluded from accessing competitive investment opportunities, which remain reserved for large corporations with deep banking relationships.

In Singapore, traditional banks offer savings interest rates ranging from 0.01 percent to 0.25 percent per annum, leaving small businesses minimal returns on their idle capital.

Without access to investment options, these businesses struggle to optimize their funds while ensuring liquidity, limiting their ability to grow sustainably.

Thus, Aspire Yield aims to bridge this gap by enabling startups and small businesses to earn competitive returns on idle capital while ensuring funds are easily accessible for operational needs.

Powered by top-tier money market funds managed by Singapore’s leading asset managers, Aspire Yield will offer flexible investments with no minimum investment requirement, no lock-up period, and next business day liquidity—helping businesses optimize their capital with ease.

“Securing the CMS license from MAS, one of the world’s most respected regulators reaffirms our continued commitment to building a trusted and innovative financial ecosystem that empowers startups and businesses with the tools they need to scale,

“As we enhance our capabilities, we remain dedicated to delivering seamless, compliant, and innovative financial solutions like Aspire Yield,” said Joel Leong, Aspire’s co-founder and Chief Strategy Officer.

Meanwhile, Andrea Baronchelli, Chief Executive Officer and Co-founder of Aspire, said the launch of Aspire Yield is a major milestone in the firm’s mission to help businesses not just manage but grow their capital.

“By unlocking access to high-yield investment opportunities for global startups and small businesses, we are leveling the playing field and giving them the tools they need to thrive in an increasingly competitive landscape,” he added.

Aspire is the all-in-one finance platform for modern businesses globally, supporting over 50,000 companies save time and money with international payments, treasury, expense, payable, and receivable management solutions – accessible via a single, user-friendly account.

The firm has 600+ employees across nine countries, clients in 30+ markets and is backed by global top tier venture capitals, including Sequoia, Lightspeed, Y-Combinator, Tencent and Paypal.

In 2023, Aspire closed an oversubscribed $100 million Series C round and announced that it has achieved profitability.

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