ASG2 Pte Ltd, a subsidiary of the financial platform Aspire, has been granted a Capital Markets Services Licence (CMS) by the Monetary Authority of Singapore (MAS).
As stated in a press release, this capital markets services licence will enable Aspire to expand its offerings to include investment solutions designed to help businesses in Singapore optimize their capital.
Aspire has announced the upcoming launch of Aspire Yield, an investment solution integrated into the Aspire Business Account. This solution aims to provide businesses with a unified platform to access investment opportunities and manage their finances.
Aspire Yield offers flexible investment options with no minimum investment requirement, no lock-up period, and next-business-day liquidity.
Through this initiative, Aspire aims to help small businesses overcome the challenge of being excluded from “competitive” investment opportunities, typically reserved for large corporations with strong banking relationships.
“Without access to investment options, these businesses struggle to optimize their funds while ensuring liquidity, limiting their ability to grow sustainably,” Aspire said in a press release.
Aspire Yield will close this gap by allowing startups and small businesses to earn competitive returns on idle capital while ensuring that funds remain easily accessible for operational requirements.
Aspire Yield aims to empower small businesses and startups by allowing them to earn competitive returns on their idle capital while maintaining liquidity for operational needs. This solution seeks to level the playing field, giving businesses typically excluded from such opportunities a chance to optimize their capital effectively.
Aspire’s new offering reflects its commitment to supporting small businesses and startups. It helps them access financial solutions that were once reserved for larger corporations, thus driving growth and financial empowerment within the sector.
