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.

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