ASG2 Pte Ltd, a subsidiary of Singapore-based business finance platform Aspire, has received a Capital Markets Services (CMS) License from the Monetary Authority of Singapore (MAS).

The license enables the company to offer regulated investment solutions to businesses in Singapore.

Aspire plans to roll out a new investment feature called Aspire Yield, integrated into its existing business accounts.

The service aims to help startups and small businesses earn returns on idle capital, addressing a gap in the market where traditional savings accounts offer low interest rates.

Aspire Yield will invest in money market funds managed by Singapore-based asset managers and offer flexible access with no minimum investment, no lock-up period, and next business day liquidity.

The feature is currently in private beta, with a waitlist open to interested businesses.

Businesses that join the waitlist by 30 April 2025 may access rates of 4.25% on USD and 2.55% on SGD, with zero annual fees.

“Securing the CMS license from MAS, one of the world’s most respected regulators reaffirms our continued commitment to building a trusted and innovative financial ecosystem that empowers startups and businesses with the tools they need to scale.

As we enhance our capabilities, we remain dedicated to delivering seamless, compliant, and innovative financial solutions like Aspire Yield.”

said Joel Leong, Aspire’s Co-founder and Chief Strategy Officer.

“The launch of Aspire Yield is a major milestone in our mission to help businesses not just manage but grow their capital.

By unlocking access to high-yield investment opportunities for global startups and small businesses, we are leveling the playing field and giving them the tools they need to thrive in an increasingly competitive landscape.”

said Andrea Baronchelli, CEO and Co-founder of Aspire.

Featured image credit: Edited from Freepik