Aspire secures capital markets service license in Singapore

It will launch its investment solution Aspire Yield soon.

ASG2 Pte Ltd, a subsidiary of finance platform Aspire, has secured a Capital Markets Services Licence (CMS) from the Monetary Authority of Singapore (MAS).

With this, Aspire will be able to widen its offering to include investment solutions designed to help Singaporean businesses optimise their capital, according to a press release.

Aspire has announced the upcoming launch of Aspire Yield, an investment solution integrated within the Aspire Business Account aimed at providing businesses with a single platform to both access investment opportunities and manage their finances.

It promises flexible investments with no minimum investment requirement, no lock-up period, and next business day liquidity.

Through this, Aspire aims to address small business’ pain point of being excluded from accessing “competitive” investment opportunities, which Aspire says remain reserve for large corporations with deep banking relationships.

“Without access to investment options, these businesses struggle to optimize their funds while ensuring liquidity, limiting their ability to grow sustainably,” Aspire said in a press release.

Aspire Yield reportedly aims to bridge this gap by enabling startups and small businesses to earn competitive returns on idle capital while ensuring funds are easily accessible for operational needs.