Aspire Referral Code SGRP88 – Review Singapore 2026

Aspire Review Singapore: 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, expense management and treasury tools for startups and SMEs.

In 2026, Aspire reported serving 50,000+ businesses, processing US$25B in payments globally, and operating across 30+ countries.

This review covers:

• Regulation status in Singapore
• Safety and fund safeguarding
• Fees and pricing
• Pros and cons
• Who Aspire is suitable for
• How to qualify for the Aspire referral bonus

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)
• Companies managing multiple entities or regional operations

Aspire highlights multi-currency support, competitive FX, 24/7 human support and multi-entity management as key reasons businesses use the platform.

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, as 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.

One thing to note is that Aspire is no longer just positioning itself as a digital business account. Aspire has been expanding its finance stack to include business accounts, corporate cards, remittance, yield products, credit, expense management, procurement-related workflows and other business finance tools.

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.

For businesses holding large balances, it may be prudent to compare Aspire against traditional banks, licensed digital banks and other business account providers, and to avoid relying on any single platform for all company funds.

What’s New for Aspire in 2026?

Aspire has continued expanding beyond a basic business account.

According to Aspire’s 2026 partner update, recently launched or planned features include an accountant dashboard, Tap to Pay on Android and iOS, easier PayNow activation, SWIFT-enabled collections, more local collection currencies, instant transfers and multi-currency cards.

This suggests Aspire is positioning itself as a broader finance platform for SMEs and regional businesses, rather than only a place to hold and spend company funds.

Pros and Cons of Aspire

Pros

• No monthly fee for the SME tier, subject to pricing terms
• Multi-currency support
• Instant virtual corporate cards
• Expense management tools
• PayNow support for SGD accounts
• Integrated Yield account option

Cons

• Not a bank
• Credit facilities subject to approval
• FX spreads may vary depending on currency
• Some products may depend on jurisdiction and eligibility
• App performance may vary by device
• Businesses needing complex corporate banking may still prefer a traditional bank

Aspire vs Traditional Banks in Singapore

Aspire focuses on digital-first SMEs, startups and regional businesses, while traditional banks may offer broader corporate lending, trade finance and relationship banking products.

Aspire Account Fees & Pricing for SMEs

Based on publicly referenced pricing:

• No monthly account fee for the 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, as pricing and included features may change.

Aspire Service Portfolio Overview

Core services include:

• Bill Pay
• Multi-User Access
• Expense Management
• Integrations
• Cashback & Rewards
• Corporate Cards
• Multi-Currency Business Account
• Yield Account

Aspire Visa Corporate Card

Features include:

• Apple Pay and Google Pay support
• Customisable spend limits
• Merchant lock controls
• Instant virtual card issuance
• Expense tracking and controls

Aspire cards can be useful for separating business and personal spending, managing employee expenses and reducing manual claims.

Aspire Business Account Multi-Currency Support

Supported currencies include:

• SGD
• USD
• EUR
• GBP
• HKD

Availability depends on company incorporation, jurisdiction and eligibility.

Aspire may be useful for companies that receive overseas payments, pay foreign suppliers, or operate across multiple markets.

Aspire FX and Cross-Border Payments

Aspire states that it has lowered FX fees and continues to improve its multi-currency capabilities.

Businesses should still compare the final exchange rate and fees against banks, Wise, Airwallex or other providers before making large transfers.

The best option may depend on currency pair, transfer size, speed, recipient country and whether you need business account, card and expense management features in one platform.

Aspire Yield Account

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

Features include:

• 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.

Use the Aspire referral link or referral code during sign-up:

Referral code: SGRP88

• Sign up with Aspire ❯

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, although processing time may vary depending on the payment method and bank.

3. Spend S$50 Using the Aspire Card

Make at least S$50 of eligible Aspire card spend within 90 days of account opening 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.

This can make it easier to monitor business spending, reconcile expenses and prepare accounting records.

Chinese Language Support

Simplified and Traditional Chinese interfaces are supported.

This may be useful for business owners or finance staff who prefer using the app in Chinese.

PayNow Support

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

This is useful for Singapore businesses that frequently pay local vendors or receive SGD payments.

Separation of Business Expenses

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

For small businesses, separating company expenses from personal cards can also make bookkeeping cleaner and reduce confusion during tax filing or year-end accounts preparation.

Final Verdict: Is Aspire Worth Considering?

Aspire is worth considering if you run a startup, SME or regional business and want a digital-first business account with corporate cards, multi-currency support and expense management tools.

It is especially relevant for businesses that want online onboarding, virtual corporate cards, cleaner expense tracking and one platform for payments, cards and finance operations.

However, Aspire is not a bank. If your business needs relationship banking, complex trade finance, large credit facilities or traditional corporate banking support, you may still need a conventional bank account alongside Aspire.

For many SMEs, Aspire can work well as a modern operating account or supplementary finance platform, especially when paired with a traditional business bank account.