“Can a digital corporate services firm become the financial OS for Asian SMEs by layering its own MPI-licensed banking on top of incorporation and accounting?”
Founded 2017 as a digital corporate services company (incorporation, corporate secretary, accounting) targeting SMEs in Singapore and Hong Kong. Expanded the platform into a back-office operating system covering bookkeeping, payroll, tax, and visa services. The 2021 launch of Sleek Business Account and the 2022 MAS MPI license marked the pivot into embedded finance — Sleek now issues its own business account/cards and offers cross-border payments under its own MPI license, while also partnering with Airwallex and Aspire for premium banking tiers.
Sleek discloses Sleek Tech Pte Ltd (in-house, MAS MPI-licensed) as its banking provider, according to the Embedded Finance Index 2026.
Sleek does not disclose a bank charter of its own; its banking services are provided through Sleek Tech Pte Ltd (in-house, MAS MPI-licensed).
Sleek processes payments through Sleek Business Account (self-operated, MAS MPI).
Sleek's cards are issued through Visa (network) — issuer unknown.
Sleek's lending and capital products are provided by Network of lenders (unnamed).
Sleek uses Airwallex (partner) and Aspire (partner) for FX and cross-border payouts.
Sleek's payroll is powered by Sleek (in-house service).
Sleek integrates with Xero.
The Embedded Finance Index 2026 maps 8 layers in Sleek's stack: Payments / PSP (Sleek Business Account (self-operated, MAS MPI)); Banking / BaaS (Sleek Tech Pte Ltd (in-house, MAS MPI-licensed)); Card issuing (Visa (network) — issuer unknown); Lending (Network of lenders (unnamed) and Sleek Business Loans (UK) — referral to lending network); Payroll (Sleek (in-house service)); FX & payouts (Airwallex (partner) and Aspire (partner)); Accounting (Xero); Spend / AP (Aspire (partner)).
Sleek was founded by Julien Labruyere and Adrien Barthel and is founded in 2017, headquartered in Singapore (160 Robinson Road, #14-04 SBF Center).
Sleek has raised ~$25M+ (Series A extended) in total (latest round: Series A extension, 2021).
Get a read on where your own stack stands against Sleek and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.