Aspire

Aspire is a comprehensive financial operating system designed to serve the needs of modern, growing businesses. Founded in 2018 by entrepreneurs who experienced the frustrations of traditional banking, Aspire's mission is to build the future of business finance. It offers a unified, intelligent platform that combines multi-currency business accounts, corporate cards, cost-effective global payments, automated expense management, and seamless accounting integrations, all in one place. This eliminates the need for multiple disparate tools, saving businesses time and money while providing unparalleled control and visibility over their finances.

The platform is built for scalability, catering to everyone from early-stage startups to established mid-sized companies. With a focus on transparency and efficiency, Aspire empowers over 50,000 businesses to manage their global operations, streamline company spending, and accelerate their growth journey.

How to use Aspire

Getting started with Aspire is a straightforward, fully online process:

1. Open a Free Account: Sign up on the Aspire website. The account opening process is 100% online, with no setup fees or minimum balance requirements.
2. Set Up Business Accounts: Create multi-currency accounts (e.g., SGD, USD) to manage funds and transact globally without high conversion fees.
3. Issue Corporate Cards: Instantly issue unlimited virtual and physical corporate cards for your team members. Set custom spending limits and controls for each card to manage budgets effectively.
4. Manage Payments and Expenses: Use the dashboard to make local and international payments with competitive FX rates. Employees can submit claims, and managers can approve them in real-time. All spending is tracked automatically.
5. Automate Accounting: Integrate Aspire with your existing accounting software like Xero, QuickBooks, or others. This automates bookkeeping by syncing transactions, receipts, and categorizations, closing your books in hours instead of weeks.
6. Earn on Your Funds: Utilize the Aspire Yield feature to earn competitive returns on your idle USD and SGD funds with next-business-day liquidity.

Core Features of Aspire

• Multi-Currency Business Account: Hold, receive, and send money in multiple currencies, including SGD and USD, from a single platform.
• Corporate Cards: Issue unlimited virtual and physical Visa cards with 1% cashback on digital marketing and SaaS spending. Features advanced controls like setting spend limits and freezing cards instantly via the app.
• Global Payments & FX: Access market-leading foreign exchange rates (from 0.22%) and transparent, low-cost international transfers.
• Expense Management: A complete system for managing team expenses, from claims and approvals to real-time tracking and budget controls.
• Accounting Automation: Seamless, real-time integration with major accounting software to eliminate manual data entry and simplify reconciliation.
• Yield Account: Earn high interest on your business's idle cash reserves with no minimums and flexible access to your funds.
• API Access: Available for mid-sized companies to build custom integrations and automate complex financial workflows.
• High-Level Security: Funds are safeguarded in Tier-1 banks like DBS, in compliance with the Monetary Authority of Singapore (MAS) regulations.

Use Cases for Aspire

Aspire is versatile and suited for various business needs:

• Startups: Easily set up a business account, manage initial funding, control burn rate with smart budget limits, and access over $200,000 in perks from partners like Slack and Google Workspace.
• SMEs: Streamline team spending by issuing cards to all employees, automate expense reports and approvals, and save significant time on bookkeeping.
• Mid-sized Companies & Global Corporations: Simplify complex budgeting across departments, manage global payables and receivables efficiently with low FX costs, and leverage APIs for custom financial process automation.
• E-commerce Businesses: Manage payments from multiple countries, pay international suppliers with low fees, and track marketing spend with dedicated cards.

Advantages of Aspire

Aspire offers significant advantages over traditional banks and fragmented financial tools:

• Unified Platform: Replaces the need for separate bank accounts, credit cards, and expense software, providing a single source of truth for all business finances.
• Cost-Efficiency: No monthly account fees, no setup fees, and no minimum balance. Businesses only pay for what they use, with highly competitive FX rates that save money on international transactions.
• Time Savings: Automation of tedious tasks like bookkeeping, expense reporting, and reconciliation saves hundreds of hours per year.
• Real-Time Control: Provides CEOs and CFOs with instant visibility into all company spending, enabling better and faster decision-making.
• Scalability: The platform grows with your business, offering features that support you from incorporation to global expansion.

Pricing and Plans

Aspire operates on a transparent, pay-as-you-go model with no hidden fees.

• Account Opening: $0/month. There are no setup fees, monthly maintenance fees, or minimum balance requirements.
• Free Inclusions: The free plan includes multi-currency accounts, free local transfers, 2 free Admin/Finance users, 10 free Employee users, and the first physical card free per user.
• Paid Services: You only pay for specific services you use, such as:
  • International Transfers: Competitive FX rates starting from 0.22%.
  • Additional Physical Cards: A fee applies for extra cards beyond the first free one per user.
  • ATM Withdrawals: Standard fees apply for cash withdrawals.

This pricing structure makes it an accessible and cost-effective solution for businesses of all sizes.