Statrys launched multi-currency business accounts for Singapore SMEs and startups

Hong Kong-based fintech Statrys has launched its multi-currency business account service in Singapore for local small and medium-sized enterprises (SMEs). With this platform, entrepreneurs have full access to company setup tools, bookkeeping support and payment management, all with personalized service. It is designed to simplify how small businesses handle cross-border finance.

SMEs account for about 45% of Singapore’s nominal GDP, and many operate across multiple markets. However, such businesses are vulnerable to slow onboarding, fragmented accounts in different currencies and high FX costs when working with traditional banks. To ease these obstacles, Statrys offers a fully digital application process, competitive FX fees and multi-currency capabilities within a single account structure.

Statrys’ Business Account allows companies incorporated in Singapore to hold and manage 11 major currencies within one account, make local and international transfers with transparent FX pricing and access a dedicated account manager. Its FX fees start from 0.1% above the real-time mid-market rate, while the account requires no minimum deposit and charges no monthly fees for standard Singapore businesses.

In addition to these benefits, the system also integrates with accounting software such as Xero. It supports role-based user permissions, which may appeal to smaller companies without large internal finance teams. According to the bank, its goal is to reduce the time spent on routine financial administration while giving SMEs more control over cash flow and international payments.

Founded in 2020, Statrys operates in Hong Kong, Singapore and the European Union, providing business accounts, accounting support and company creation services to SMEs and entrepreneurs.