ANEXT Bank, Schroders to launch investment funds to MSMEs

Over 30% of ANEXT’s customers are foreign business owners.

ANEXT Bank has partnered with asset management firm Schroders to develop and offer investment funds to micro, small, and medium enterprises (MSMEs).

Under this partnership, ANEXT— a Singapore-based wholesale digital bank— will expand its product suite to include a selection of investment funds managed by Schroders.

The products aim to give more wealth growth opportunities to MSMEs and will be offered alongside the ANEXT Fixed Deposit.

The first fund from Schroders is expected to be available through ANEXT Bank by Q1 2025, subject to regulatory approval.

Over 30% of ANEXT Bank’s customers are Foreign Business Owners (FBOs) from 78 nationalities, operating businesses incorporated in Singapore, while 69% are micro businesses.

The investment funds will have no lock-in period, NEXT Bank said.

The new product comes on the heels of a recent survey by ANEXT Bank, which found that 4 in 5 MSMEs have never purchased investment instruments.

The top three barriers cited were a lack of excess liquidity, insufficient investment know-how, and limited suitable investment options, the bank found.

ANEXT Bank is a digital wholesale bank incorporated in Singapore and is a wholly-owned subsidiary of Ant International.

Also Read

CommBank adds extra confirmation step for NetBank logins

Indonesia and Australia renew $6.2b bilateral currency swap agreement

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit