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Aspire

Can a Southeast Asian SME finance platform become the global multi-jurisdictional financial OS for cross-border businesses?

Founded2018
HQSingapore
FoundersAndrea Baronchelli
Total raised$200M+ (disclosed)
Latest roundSeries C, 2023
IndustryFintech / SMB banking
The story

Founded 2018 in Singapore as a finance platform for SMEs in Southeast Asia, Aspire built a multi-currency account + corporate card + spend management stack on top of safeguarded Tier-1 bank accounts (DBS, Citi, JPMorgan). After the 2023 Series C, it pursued global licensing — AFSL in Australia, EMI in EU, and US entry via Column N.A. as sponsor bank — moving from regional SME challenger to a multi-jurisdictional financial OS. The recent launch of AspireOS positions the company as an embedded-finance infrastructure provider for banks and platforms, layering API-based banking, cards, and payouts on top of its own regulated rails.

Last 12 months
2025-12
2025-11
Product timeline
2018
Founded in Singapore by Andrea Baronchelli· founding
2023
Closed $100M Series C led by Lightspeed and Sequoia Capital SEA· funding
2025
Secured AFSL (Australia), EMI (EU), and US licenses to expand globally· regulatory
2025
Launched Aspire Business Account in US via Column N.A. partnership· banking
2025
Launched Aspire Treasury (Yield) via AFT US Capital LLC· banking
Regulated entities
Major Payment Institution License (PSA)
Singapore (MAS)
Aspire FT Pte. Ltd.
AFSL
Australia (ASIC) · 2025
Aspire Digital Group Payments Global Pty Ltd
EMI
EU · 2025
Aspire (EU entity)
Investment Advisor
US
AFT US Capital LLC
Operating entity
Hong Kong
AFT HK Limited
The stack
Payments / PSP
StripeAspire Payments (self-operated)
Banking / BaaS
Column (sponsor in US)
Card issuing
Aspire (self-issued via sponsor banks)
Open banking
Plaid
Sponsor bank
Column N.A.
FX & payouts
Wise Platform
Accounting
QuickBooksXeroFreshBooksSage 50WaveNetSuiteOsome
Accounting gap: none