"Singapore, renowned for its vibrant financial hub, boasts a thriving community of SMEs that play a crucial role in the nation's economy, contributing to about 45% of Singapore's nominal GDP in 2024 (Department of Statistics Singapore). Many of these businesses are actively involved in international trade, navigating the complexities of global markets. Yet, they frequently face significant challenges, including cumbersome onboarding procedures and substantial transaction costs that can hinder their businesses' growth and competitiveness."
""In today's global economy, entrepreneurs and businesses need more than just traditional business accounts; they need a partner that redefines how payments work across international borders. At Statrys, we've built a platform that challenges outdated and conventional systems by combining speed, transparency, and personalised service in every transaction. Our expansion in Singapore isn't just abo"
Statrys launched its business account solution in Singapore to provide company setup, maintenance, bookkeeping, and payment management services tailored for SMEs, entrepreneurs, and startups. The platform targets businesses engaged in international trade and aims to simplify onboarding, reduce transaction costs, and streamline cross-border payments. Singapore SMEs contribute roughly 45% of nominal GDP and face challenges that can limit growth and competitiveness. The launch strengthens Statrys' presence in the Asia Pacific region and emphasizes a combination of technology and personalised service to improve payment speed, transparency, and operational efficiency for businesses.
Read at Business Matters
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