Statrys, a prominent provider of integrated business and financial services for small and medium enterprises (SMEs), has expanded its operations in Singapore with the launch of its unified Company-Accounting-Business Account (CAB) platform. This development follows Statrys’ approval as a Major Payment Institution by the Monetary Authority of Singapore, marking a significant step in simplifying business processes for SMEs.
The CAB platform is designed to address the challenges SMEs face in managing multi-currency accounts, cross-border payments, and compliance. Bertrand Théaud, Founder and CEO of Statrys, stated, “Our mission has been clear from the start: to remove the complexities of global operations and empower businesses to grow faster with full confidence and control.” The platform consolidates company incorporation, accounting, and payment management into a single system, enhancing efficiency and compliance.
Statrys, established in 2020 in Hong Kong, serves over 5,000 clients across more than 70 countries, processing over US$5 billion in payment volume and US$2 billion in foreign exchange volume. The company is also a licensed Money Service Operator in Hong Kong and registered as a Small Payment Institution with the Financial Conduct Authority in the UK.
The CAB platform offers SMEs services such as company creation, comprehensive accounting, and multi-currency business accounts. It also includes competitive foreign exchange services and payment cards, all aimed at simplifying global financial operations. Statrys emphasises innovation and security, integrating artificial intelligence for enhanced customer experience and security measures.
Théaud added, “Our expansion in Asia is about setting a new standard for how fintechs can truly serve the needs of SMEs, entrepreneurs, and startups without ever compromising on compliance.” As SMEs continue to drive innovation and employment, Statrys’ expansion in Singapore positions it as a strategic hub for SME growth across Asia and Europe.
