Singapore-based fintech Aspire has secured a series of regulatory approvals across Australia, Europe and the United States.
This lays the foundation for its next phase of growth in key global financial hubs.
Over the past year, the company has obtained eight licenses and registrations, strengthening its regulatory footing as it scales internationally.
In Australia, Aspire has been granted a full Australian Financial Services License (AFSL), strengthening its presence in the Asia Pacific region.
The license allows the company to offer its financial products directly to Australian businesses, including multicurrency accounts, payments, cards and spend management, as companies increasingly seek modern and integrated finance platforms.
In Europe, Aspire has received an Electronic Money Institution (EMI) license, marking its formal entry into the European Union.
It has also signed an investment commitment with the Dutch Ministry of Economic Affairs and selected the Netherlands as its European base, enabling it to offer pan-European business accounts.
In the United States, Aspire has registered as a Money Services Business (MSB) and as a Registered Investment Adviser with the Securities and Exchange Commission (SEC).
The approvals expand the range of services the company can offer to U.S. businesses and support its planned rollout in 2026.
Leadership hires support regional expansion
To support its regional expansion, Aspire has strengthened its leadership team with seasoned fintech executives, including former leaders from Wise and Revolut.
Devanjan Sinha, previously with Wise, is leading the company’s Australia operations.
Akash Kaul, formerly of Revolut, has joined as VP for global expansion and growth to oversee Europe.
David Harris, also from Revolut, is leading Aspire’s U.S. launch, while Paul Brooking, formerly with Freetrade and Revolut, has been appointed chief financial officer to bolster the company’s global finance capabilities.
“Our clients are digital-savvy, international, and have high expectations of service quality. We’re building Aspire to be their all-in-one global finance stack.
These milestones strengthen the regulatory foundation we need to deliver unified, intelligent infrastructure for their cross-border financial needs, while bringing our Financial Operating System to thousands of businesses in these new markets.”
said Andrea Baronchelli, Co-Founder and CEO of Aspire.
The company entered Hong Kong earlier this year, where it has delivered more than threefold growth, and continues to expand its presence in Singapore, supported by its Capital Markets Services (CMS) license.
