Aspire Referral Code SGRP88 – Review Singapore 2026

Aspire Review Singapore (2026): Business Account, Regulation & Safety Explained

All-in-one finance for growing businesses.

Aspire is a Singapore-headquartered fintech platform offering business accounts, corporate cards, credit facilities and treasury tools for startups and SMEs.

It currently supports 50,000+ businesses globally and operates across Asia, Australia and Europe, with expansion into the United States planned for 2026.

This review covers:

• Regulation status in Singapore
• Safety and fund safeguarding
• Fees and pricing
• Pros and cons
• Who Aspire is suitable for

Who Is Aspire Suitable For?

Aspire may be suitable for:

• Startups and SMEs incorporated in Aspire’s supported countries
• Entrepreneurs setting up companies in Singapore or overseas
• Companies expanding internationally
• Businesses requiring multi-currency accounts (SGD, USD, EUR, GBP, HKD)
• Founders who prefer fully digital onboarding

Aspire currently supports businesses incorporated in countries including:

Australia, China, Philippines, Singapore, Hong Kong, South Korea, India, Sri Lanka, Indonesia, Taiwan, Malaysia, Thailand, Maldives, United States and Vietnam.

(Refer to Aspire’s official list of supported countries for the latest updates:
https://help.aspireapp.com/en/articles/9239713-what-countries-does-aspire-support)

Aspire may not be suitable for:

• Individuals (personal banking is not supported)
• Businesses requiring traditional relationship banking
• Companies needing complex trade finance or structured treasury facilities

About Aspire

Corporate Background

Aspire is headquartered in Singapore with regional teams across Southeast Asia.

Aspire has obtained regulatory approvals across multiple jurisdictions, including:

• Temporary exemption under Singapore’s Payment Services Act
• Capital Markets Services (CMS) licence via AFT SG 2 Pte. Ltd.
• Registration as a Money Services Business (MSB) in the United States
• Regulatory approvals in Australia (AFSL) and Europe (EMI framework)

Mission

Aspire positions itself as a finance operating system for modern businesses, integrating payments, expense management and treasury solutions in one platform.

Is Aspire Regulated in Singapore?

Aspire FT Pte. Ltd. operates under a temporary exemption under the Payment Services Act.

Investment-related products (such as the Yield Account) are offered through AFT SG 2 Pte. Ltd., which holds a Capital Markets Services licence issued by the Monetary Authority of Singapore (MAS).

Aspire is not a licensed bank.

Client funds are safeguarded in segregated trust accounts with tier-1 banking partners in accordance with MAS safeguarding requirements.

Is Aspire Safe?

Aspire operates within Singapore’s regulatory framework but is not a bank.

Safeguards include:

• Segregated client funds
• Automated fraud monitoring systems
• Two-factor authentication (2FA)
• ISO 27001 and PCI DSS certifications

As with all fintech platforms, businesses should assess whether the structure suits their operational and risk requirements.

Pros and Cons of Aspire

Pros

• Fully online onboarding
• No monthly fee (SME tier, subject to pricing terms)
• Multi-currency support
• Instant virtual corporate cards
• Integrated Yield account option

Cons

• Not a bank
• Credit facilities subject to approval
• FX spreads may vary depending on currency
• App performance may vary by device

Aspire vs Traditional Banks in Singapore

Aspire focuses on digital-first SMEs, while traditional banks may offer broader corporate lending products.

Aspire Account Fees & Pricing (SMEs)

Based on publicly referenced pricing:

• No monthly account fee (SME tier)
• Up to 2 Admin/Finance users and 10 Employee users included
• Access to corporate cards, budgeting tools and expense management

Enterprise plans are available for larger businesses.

Always refer to Aspire’s official website for the latest fee schedule.

Aspire Service Portfolio Overview

Core services include:

• Bill Pay
• Multi-User Access
• Expense Management
• Integrations
• Cashback & Rewards

Aspire Visa Corporate Card

Features include:

• Apple Pay and Google Pay support
• Customisable spend limits
• Merchant lock controls

Aspire Business Account (Multi-Currency)

Supported currencies include:

• SGD
• USD
• EUR
• GBP
• HKD

Availability depends on company incorporation and eligibility.

Aspire Yield Account (Launched Q3 2025)

The Yield Account allows companies to invest idle funds into money market funds managed by Fullerton Fund Management.

• SGD and USD options
• No lock-in period
• Next-business-day liquidity

How to Qualify for the Aspire Referral Bonus

1. Sign Up Online

Complete the application fully online. No branch visit required.

Install the Aspire app after approval.

2. Fund Your Aspire Business Account

Transfer funds using the local account details provided in the app.

Funds are typically reflected quickly.

3. Spend S$50 Using the Aspire Card

Make at least S$50 of eligible card spend within 90 days to qualify for the referral bonus.

You may add the card to Apple Pay or Google Pay for physical transactions.

Personal Experience Using Aspire

Transaction Records

The app provides clear transaction tracking and exportable records.

Chinese Language Support

Simplified and Traditional Chinese interfaces are supported.

PayNow Support

Aspire supports PayNow payments via QR code, UEN, phone number or VPA from SGD accounts.

Separation of Business Expenses

Using a dedicated corporate card simplifies accounting and reduces manual expense claims.