Aspire, a Fintech headquartered in Singapore, announced the launch of its Visa corporate card tailored specifically for small and medium-sized businesses in Hong Kong.
By providing access to financial tools, Aspire and Visa are setting the stage for a new era of “growth and efficiency in Hong Kong’s business landscape.”
Hong Kong’s SMBs, the backbone of its economy, often “struggle with limited access to financial tools like corporate cards.”
Many Hong Kong business owners rely on “personal accounts due to low limits, high fees, and poor expense visibility.”
Aspire’s Visa card solves this by providing “a user-friendly, cost-effective solution.”
As growth remains the priority for SMBs, nearly 79% are said to be focused on expanding through cross-border transactions.
Aspire’s Visa card empowers Hong Kong SMBs to excel in the modern global economy by offering “access to multi-currency and seamless cross-border payments.”
By combining Aspire’s technology with Visa’s network, businesses can manage their funds with “one account, ensuring reliable, secure, and fast transactions that are widely accepted worldwide.”
Andrea Baronchelli, Co-founder and CEO of Aspire said:
“Our partnership with Visa represents a significant leap forward in our mission to empower entrepreneurs and SMBs across the world. This collaboration with Visa will enable businesses to grow, move money effortlessly across borders, and expand with confidence.”
Paulina Leong, General Manager of Visa Hong Kong and Macau said:
“By bringing Visa’s global network together with Aspire’s all-in-one financial platform, the Aspire Visa corporate card offers a comprehensive financial solution for SMBs to thrive in today’s dynamic and interconnected business environment. This collaboration reinforces our commitment to equipping SMBs with world-class payment methods that will help drive Hong Kong’s digital economy forward.”
Aspire is the finance platform for businesses, helping companies save time and money “with international payments, treasury, expense, payable, and receivable management solutions – accessible via a single, user-friendly account.”
Headquartered in Singapore, Aspire reportedly has 600+ employees across nine countries, clients in 30+ markets and is “backed by VCs, including Sequoia, Lightspeed, Y-Combinator, Tencent and Paypal.”
In 2023, Aspire closed a “$100M Series C round and announced that it has achieved profitability.”