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October 11, 2024

Aspire Toasts to Hong Kong Expansion with Exclusive Launch Event

Aspire, a leading financial operating platform for businesses, commemorated its launch in Hong Kong with an exclusive closed-door event last night.

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October 11, 2024

Aspire Enters Hong Kong, Positioned for Further Growth Across Asia

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Aspire is ranked among the top ten fastest-growing companies in 2023, compiled by The Straits Times and Statista

Aspire hits profitability just months after closing its US$100 million series C funding round

Aspire Snags $100 million in Series C funding even as VC market slows

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Aspire FT Pte. Ltd. ("Aspire") has been granted a temporary exemption from holding a license under the Payment Services Act 2019 (as amended, "PS Act") for the provision of Account Issuance Service, Domestic Money Transfer Service, and E-money Issuance Service for a specified period. The exemption can be confirmed on the MAS website here.

Aspire has also been granted a temporary exemption from holding a license under the PS Act for a specified period for the provision of specified cross-border money transfer service caught under the expanded scope of the regulated activities. The expanded scope of regulated activities relates only to arranging for the transmission of money from any country or territory to another country or territory, where monies are not accepted or received in Singapore. The exemption can be confirmed on the MAS website here.

Aspire is not licensed, nor exempt, to provide cross-border money transfer service beyond the expanded scope described above, and consequently this service is provided only by MAS licensed entities partnering with Aspire (”Partners”), subject to their own terms and conditions. All Aspire and Partners terms and conditions can be found here.

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In HongKong, AFT HK Limited is registered in Hong Kong (75317450-000) and a money service operators licensed by the Hong Kong Customs and Excise Department. The Aspire Card is provided by Nium Limited., a company registered in Hong Kong (CR2298943) and a money service operators licensed by the Hong Kong Customs and Excise Department (hereinafter referred to as "Nium"), in accordance with Nium's terms and conditions. This does not constitute or form part of an offer, solicitation, or advertisement of Nium's services to any person outside Hong Kong.