Top 7 fintech business accounts in Singapore (2026)

Key Takeaways:

• Fintech business accounts offer a digital alternative to traditional business banking, with many providers focused on multi-currency accounts, international payments and business spending.

• Singapore has over 1,300 fintech firms,¹ and the range of business account options has grown significantly, from payment specialists to digital wholesale banks.

• Airwallex combines multi-currency business accounts, international payments, corporate cards, and expense management in one platform. There are no monthly fees on the free Explore plan.

Choosing the right fintech business account in Singapore can save your business money and hours of manual work.

In this article, we compare seven fintech business accounts available in Singapore, covering fees, features, MAS licensing, and what each provider does best.

We also explain how fintech accounts differ from traditional banks, and when it makes sense to use one.

What is a fintech business account?

A fintech business account is a digital account offered by a financial technology company or digital bank.

These accounts are typically managed online and may offer features such as multi-currency accounts, international transfers, corporate cards and payment tools.

In Singapore, they broadly fall into two groups: digital banks, which hold banking licences from MAS, and fintech payment specialists, which provide payment and financial services under the Payment Services Act.

Digital banks can offer banking products such as business loans and fixed deposits, while payment specialists tend to focus on payments, foreign exchange and business spending.

Top 7 fintech business accounts in Singapore

Here is a side-by-side comparison of seven fintech business accounts available to Singapore businesses. This covers both fintech payment specialists and MAS-licensed digital banks:

This information is based on publicly available information accessed on 1 Oct 2026. Information reflects Airwallex's own research and has not been independently verified.

Note: Aspire's published information is currently inconsistent on the number of currencies available. Its pricing page lists multi-currency accounts in 8 currencies, while its Global Account page states that businesses can hold balances in 13 currencies. We've used the 8-currency figure from Aspire's pricing page in this table for consistency with its stated account offering.

1. Airwallex

Airwallex is an end-to-end financial platform built specifically for businesses.

Where most fintech accounts focus on transfers and currency exchange, Airwallex goes further, giving you access to Corporate Cards, Expense Management, Bill Pay, and an eCommerce payment gateway, all from one account.

With Airwallex, you can hold 20+ currencies, send transfers to 200+ countries, and access competitive FX rates that let you save up to 80% on FX fees as compared to traditional banks. On top of that, 94% of our transfers go through local rails with $0 transfer fees.

Airwallex holds a Major Payment Institution licence from MAS. There are no setup fees, monthly fees or minimum balance requirements on the free Explore plan.

2. Aspire

Aspire is a Singapore-headquartered fintech focused on giving startups and growing businesses a single platform for managing day-to-day finances.

It is particularly suited to businesses with regular international transactions and significant spending on advertising, SaaS, and other business expenses.

Its corporate cards offer cashback on eligible business spending, while the platform also covers multi-currency accounts, payables, receivables, expense management, and accounting integrations.

Note that Aspire operates under temporary exemptions from certain Payment Services Act licensing requirements in Singapore.

Features:

• Multi-currency business accounts

• International payments across multiple currencies and destinations

• Corporate cards with cashback on eligible business spending

• Expense management with spending controls and approval policies

• Bill payments, payables and receivables management

• Accounting integrations including Xero, QuickBooks and NetSuite

• Automated reconciliation and receipt management

Information in this section is based on Aspire’s official website as of 1 Oct 2026.

3. Wise

Wise is a UK-founded fintech with a strong focus on international money movement.

Its Wise Business account is particularly suited to businesses that regularly receive, hold, convert and send money across currencies, including startups and businesses with overseas clients or suppliers.

Wise Business provides multi-currency balances and local account details for receiving money, alongside international transfers and business debit cards.

Businesses can also use team cards with spending controls and expense tracking, while Wise supports card payments through payment links, invoices and QR codes.

Features:

• Multi-currency account for holding and converting funds

• Local account details for receiving money in multiple currencies

• International business transfers

• Business debit and virtual cards for teams

• Team spending controls, notifications and expense tracking

• Payment links, invoices and QR codes for accepting card payments

• Wise API for automated business payouts

Information in this section is based on Wise’s official website as of 1 Oct 2026.

4. ANEXT Bank

ANEXT Bank is a Singapore digital wholesale bank wholly owned by Ant International, with a focus on banking services for Singapore businesses.

It is particularly relevant to SMEs that want business banking alongside financing and ways to manage excess cash. ANEXT is licensed and regulated by the Monetary Authority of Singapore.

Beyond its business account, ANEXT offers business loans and fixed deposits, making it more suitable for businesses that need access to both day-to-day banking and financing or cash-management products.

Features:

• Multi-currency business account supporting SGD, USD, CNH and EUR

• Local transfers via FAST, PayNow, GIRO and MEPS

• International SWIFT transfers across multiple currencies

• Daily interest on eligible SGD, USD and EUR balances

• Business loans including credit lines, term loans and secured financing

• Fixed deposits in SGD, USD and EUR

• Multi-user access with transaction approval controls

Information in this section is based on ANEXT’s official website as of 1 Oct 2026.

5. Green Link Digital Bank

Green Link Digital Bank (GLDB) is a Singapore digital wholesale bank focused on businesses, with particular expertise in supply chain finance and working capital.

It is especially relevant to SMEs and growing businesses that need financing tied to receivables, payables or trade cycles, alongside day-to-day banking. GLDB is licensed as a wholesale bank by the Monetary Authority of Singapore.

Its banking platform combines cash management, payments, lending and trade finance. GLDB also offers embedded finance solutions for B2B platforms, marketplaces and business ecosystems that want to integrate banking or financing services into their own platforms.

Features:

• Digital business accounts and cash management

• Local and cross-border business payments

• Payables financing

• Receivables financing

• Supply chain financing

• Business loans and working capital solutions

• Embedded finance and API banking solutions

Information in this section is based on GLDB’s official website as of 1 Oct 2026.

6. Revolut

Revolut is a UK-founded fintech with a broad range of business finance and foreign exchange tools. Its Singapore business account is particularly suited to companies that want to manage international payments, corporate spending and expenses from one platform.

Its business offering combines multi-currency accounts and international transfers with corporate cards, spend management, bill payments and accounting integrations. It also provides tools for managing currency exposure, including forward contracts and limit orders.

Features:

• Multi-currency accounts with local and global account details

• International transfers and bulk payments

• Physical and virtual corporate cards

• Spend management, expense tracking and approval controls

• Bill payments and purchase orders

• Accounting software integrations

• Foreign exchange tools including forward contracts and limit orders

Information in this section is based on Revolut’s official website as of 1 Oct 2026.

7. YouBiz

YouBiz is a business finance platform built by YouTrip, focused on corporate spending, expense management and international payments. It is particularly suited to businesses with frequent card spending and cross-border transactions.

The platform combines multi-currency business accounts with corporate cards, team spending controls and international transfers. It also supports batch payments for businesses managing payments to multiple suppliers or recipients.

Features:

• Multi-currency business accounts and wallets

• Corporate cards for employees and teams

• Expense management and spending controls

• Local transfers via FAST and PayNow QR

• International transfers across multiple currencies

• Batch transfers to up to 1,000 recipients

• Xero integration for accounting

Information in this section is based on YouBiz’s official website as of 1 Oct 2026.

What is the difference between a fintech business account and a traditional bank account?

The main differences come down to physical presence, the range of services offered, and cost. Neither is universally better; the right choice depends on what your business actually needs.

Here’s a quick overview:

Fintech business accounts are generally better suited to businesses that prioritise digital account management, international payments, multi-currency transactions and integrated payment tools.

Traditional banks remain important for businesses that need lending, credit facilities, government financing schemes or branch-based support.

Note that the two aren't mutually exclusive. Many businesses use a fintech account alongside a traditional bank account, depending on the services they need.

How to choose a fintech business account

With seven providers to choose from, the right account depends on how your business operates, not just which provider has the longest feature list. Here are the key questions to ask before deciding.

What currencies do you transact in?

If your business sends or receives money in multiple currencies regularly, look for a provider with a wide range of account currencies and low FX fees.

Do you need a payment gateway?

If you sell online and want to accept payments from customers in different countries, you need a provider with a built-in payment gateway. Airwallex lets you accept 160+ local payment methods in 180+ countries with its payment gateway.

How important are card rewards?

If your team spends heavily on digital advertising, SaaS tools, or international business travel, cashback can add up meaningfully.

Do you need financing?

Fintech payment specialists cannot offer business loans or credit facilities. If you need financing, look at ANEXT Bank or Green Link Digital Bank; both are MAS-licensed digital banks that offer lending products alongside business accounts.

How to open a fintech business account in Singapore

Opening a fintech business account is straightforward. Most providers complete the process entirely online, and many approve applications within one to three business days.

What you need to prepare

Requirements vary slightly by provider, but most will ask for the following:

• Proof of business registration: your Accounting and Corporate Regulatory Authority (ACRA) business profile and Unique Entity Number (UEN)

• Proof of business address: a rental agreement or official document showing your registered address

• Director and shareholder information: NRICs or passports, and proof of address for all directors, shareholders, and ultimate beneficial owners

• Authorisation letter: if the person applying is not a director of the business, a letter confirming they have authority to act on the company's behalf

For companies with corporate shareholders holding more than 25% of ordinary shares, some providers may also request a certificate of incumbency or certified shareholding structure.

Step-by-step process

• Choose your provider: use the comparison table above to shortlist accounts that match your business needs

• Prepare your documents: gather soft copies of all required documents before starting your application

• Apply online: visit your chosen provider's website and complete the application; many support Singpass MyInfo Business to auto-fill company details

• Complete identity verification: upload documents and verify your identity digitally

• Wait for approval: most fintech providers respond within one to three business days; some may request additional documents

• Activate your account: once approved, set up your account details, issue corporate cards if needed, and connect your accounting software

Are fintech business accounts safe to use in Singapore?

Yes, as long as the provider is regulated by MAS. Singapore has one of the most rigorous financial regulatory frameworks in the world, and fintech providers operating here must meet strict standards for fund safeguarding, security, and financial conduct.

How MAS regulation protects your funds

Fintech payment specialists like Airwallex hold a Major Payment Institution licence from MAS.

Under this licence, they are required to safeguard customer funds, keeping them separate from the company's own money and holding them with licensed financial institutions. This means your funds are protected even if the provider runs into financial difficulty.

What to watch out for

Not every provider in the market holds a full MAS licence. For example, Aspire currently operates under a temporary exemption from the Payment Services Act for its core account and payment services.

This does not necessarily make these providers unsafe, but it does mean a different level of regulatory oversight applies. Before opening any fintech account, check the provider's regulatory status on the MAS Financial Institutions Directory at mas.gov.sg.

One important distinction

Unlike licensed banks, fintech payment specialists are not covered by Singapore's Deposit Insurance Scheme, which protects deposits of up to S$100,000 per depositor at licensed banks.

Why businesses in Singapore choose Airwallex

Managing your business finances can mean juggling different banks, payment providers, card platforms and finance tools, each with its own login, fees and processes.

Airwallex brings business accounts, international transfers, online payments, corporate cards and expense management into one platform, so businesses can manage more of their finances without switching between multiple providers.

Here’s what you can do with Airwallex:

• Hold money in 20+ currencies: Keep balances in multiple currencies and use them to pay suppliers or manage overseas revenue without opening separate accounts with different providers.

• Transfer to 200+ countries: 94% of our transfers go through local rails with $0 transfer fees. 93% of transfers arrive in the same day.

• Accept payments: Businesses can accept payments through 160+ local payment methods across 180+ countries.

• Manage company spending in one place: Airwallex combines corporate cards with spend controls, expense management, reimbursements and bill payments, giving finance teams one platform to manage company spending.

There are no setup fees, monthly fees or minimum balance requirements on the free Explore plan.

Frequently asked questions (FAQs)

Is a fintech business account the same as a bank account?

No. A fintech business account is not a bank account in the traditional sense. Fintech payment specialists hold payment institution licences from MAS rather than full banking licences, which means they cannot offer loans, credit facilities, or deposit insurance. Digital banks like ANEXT and Green Link Digital Bank are closer to traditional banks, as they hold banking licences and can offer lending products.

Can I use a fintech business account as my main business account?

Yes, many businesses in Singapore use a fintech business account as their primary account for day-to-day payments, transfers, and expenses. However, if your business needs loans, overdrafts, or access to government financing schemes, you will likely need a traditional bank account alongside it.

Is it safe to open a fintech business account in Singapore?

It is safe as long as the provider is regulated by MAS. Licensed providers are required to safeguard your funds separately from their own money and hold them with regulated financial institutions. Before opening any account, verify the provider's licence status on the MAS Financial Institutions Directory at mas.gov.sg.

What is the difference between a fintech business account and a digital bank account?

A digital bank holds a full banking licence from MAS and can offer services like fixed deposits and business loans. A fintech payment specialist holds a payment institution licence and focuses on transfers, multi-currency accounts, and payment tools. Both operate entirely online, but the scope of services differs significantly.

What documents do I need to open a fintech business account in Singapore?

Most providers require your ACRA business profile, proof of business address, and NRICs or passports for all directors, shareholders, and ultimate beneficial owners. Some providers also ask for a board resolution or authorisation letter if the applicant is not a company director. Requirements vary by provider, so check directly before applying.

Which fintech business account is best for international payments in Singapore?

The right choice depends on your specific needs, such as your volume of transfers, currencies involved, and whether you also need to accept payments online. Airwallex offers free non-SWIFT transfers to 120+ countries and a built-in payment gateway, making it a strong option for businesses with cross-border operations.

Sources:

1.  https://www.mas.gov.sg/development/fintech

2. https://aspireapp.com/pricing

3. https://wise.com/business/send-payments, https://wise.com/sg/pricing/business

4. https://anext.com.sg/bank/business-account/. https://anext.com.sg/bank/faqs/overseas-transfers/

5. https://www.glbank.com/api/media/GLDB-Fees-Charges.pdf?path=%2Fwp-content%2Fuploads%2F2026%2F04%2FGLDB-Fees-Charges.pdf&inline=1

6. https://www.revolut.com/en-SG/business/multi-currency-accounts/

7. https://www.you.co/biz, https://www.you.co/biz/fx-transfers/