Lytepay
“Can a MAS-licensed payment platform become the financial operating system for Singapore's self-employed — real estate agents, freelancers — by embedding earned-income advances, payment cards, and savings into a single wallet?”
Founded in 2018 as a MAS-licensed payment institution, LytePay (a subsidiary of Lyte Ventures Pte. Ltd.) initially targeted Singapore real estate agents with a commission advance platform — letting agents receive earned commissions in as fast as one business day rather than waiting months through the standard sales cycle. In 2020 it expanded into embedded banking by partnering with Rapyd to issue a business wallet and Mastercard payment card for ERA Singapore agents. The company has since broadened its addressable market to include freelancers and self-employed solopreneurs across Singapore, offering invoice financing and income-boosting savings features alongside earned-income advances.