Aspire, a leading finance platform for modern businesses, has unveiled Aspire Yield, a new investment solution designed to provide small and medium enterprises (SMEs) in Singapore with access to institutional-grade investment returns. This launch follows the acquisition of a Capital Markets Services Licence by AFT SG 2 Pte Ltd, part of the Aspire Group, from the Monetary Authority of Singapore in April.
Aspire Yield aims to address the challenges SMEs face in accessing competitive investment opportunities, which often require substantial minimum investments and complex processes. Through a partnership with Fullerton Fund Management, the solution offers investments in both Singapore and US dollars, allowing SMEs to earn up to 2.04% for SGD investments and 3.88% for USD investments. These rates significantly surpass traditional business savings rates, which typically range from 0.01% to 0.25% per annum.
Andrea Baronchelli, CEO and co-founder of Aspire, highlighted the potential for SMEs to optimise their working capital, noting that approximately 55% of funds now invested through Aspire Yield were previously idle in traditional accounts. “Aspire Yield changes this by giving every eligible Singapore business access to the same high-quality money market funds that are available to institutional investors,” Baronchelli stated.
Aspire Yield offers zero minimum investment requirements, next business day liquidity, and complete flexibility with no lockup periods. This allows businesses to manage their funds efficiently whilst maintaining operational flexibility. Bhavana Ravindran, founder and CEO of Earlybird AI, praised the platform’s simplicity, stating, “Aspire Yield is refreshingly simple—no minimums, no hidden terms, and no pressure to invest in something risky.”
Aspire continues to support over 50,000 companies globally, providing a comprehensive finance platform that includes international payments, treasury, and expense management solutions.
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