Fintech
FinTech Aspire enters Hong Kong with ‘Money Service Operator’ license
By Gloria Mattia
Today
- APAC
- Aspire
- FinTech company
Aspire, an all-in-one finance company based in Singapore platformannounced that it has obtained a Money Service Operator (MSO) license issued by the Hong Kong Customs and Excise Department.
Aspire offers a unified suite of financial solutions to small and medium enterprises (SMEs) in Hong Kong, including the ability to open local business accounts for debit and credit management, international payments and payment gateway solutions. Aspire’s integrated solution is designed to help Hong Kong’s fast-growing SME segment across all sectors facilitate multi-currency liquidity management, domestic and cross-border money transfers.
In the context of the city’s macro challenges, Hong Kong is witnessing a local reimagining of business digitalisation, with 93% of local SMEs recognizing digitalisation as vital to their company’s growth. Aspire is well prepared to meet the needs of this new generation of increasingly digitally oriented startups and SMEs, providing them with a robust and integrated platform to streamline corporate finance operations, saving time and money.
“With the exponential growth of Hong Kong’s digital economy, there is a clear demand for reliable and integrated financial solutions,” he said Andrea Baronchelli, CEO and co-founder of Aspire. “At Aspire, we have always believed in tailoring our offerings to the specific needs of each market and we are proud to now be able to provide SMEs in Hong Kong with the financial tools they need to drive their growth.”
The acquisition of this operating license paves the way for Aspire’s broader strategic expansion across Asia, while underlining its strict adherence to the regulatory requirements of each country in which it operates.
“Hong Kong represents a thriving ecosystem for startups and fintechs around the world, providing an environment conducive to growth and innovation,” he said King Leung, Global Head of Financial Services and FinTech at InvestHK. “We are happy to welcome regional fintech startups like Aspire and wish Aspire every success in Hong Kong.”
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