Fintech Aspire secures MAS licence, to launch SME investment product

B2B fintech platform Aspire said on Thursday it has secured a Capital Markets Services licence from the Monetary Authority of Singapore and will launch an investment product for SMEs in Q2 2025. The new offering, Aspire Yield, will allow SMEs to earn returns on idle cash with next-day withdrawals and no lock-up period. It targets a market gap, with most SMEs lacking access to high-yield, liquid investments. Aspire Yield offers up to 3.75% returns on USD deposits and 2.05% on SGD, net of a 0.5% fee. CEO Andrea Baronchelli said the product was developed from customer feedback, with funds likely allocated to money market and government bond instruments. He noted 90% of SMEs surveyed rarely invest due to limited knowledge and operational constraints.