Osome announced a partnership with fintech startup Aspire to enable a same-day service of incorporating a company and opening a business account in Singapore fully online from anywhere in the world.
Singapore-based Osome uses artificial intelligence to take care of routine tasks like company incorporation, corporate secretarial work, accounting, taxation and payroll on their platform. Meanwhile, Aspire provides business owners with an easy, fast and simple way to manage their business finances within a single platform.
The Aspire Business Account can be opened online within minutes and automatically comes with a Visa debit card that allows business owners to transact in over 40 currencies at the real exchange rate. Through this partnership, directors and shareholders now do not need to be physically present in Singapore to sign any paperwork.
This service claims to be 16% cheaper than doing both processes separately physically. The Incorporation packages start from just S$294 while the Incorporation and Corporate Secretary package is priced at S$504.
The packages include an Aspire Business Account which enables companies to send and receive payments, as well as apply for Aspire Credit Line, a simple and flexible access to working capital. Both services are integrated with Xero, which Osome’s platinum partner.
“This partnership helps make the company set-up process a lot more seamless. Having a business account is essential to operate a company. Now, an entrepreneur can open a legal entity and a business account in one day, without travelling to Singapore or leaving the house at all,”
said Victor Lysenko, Osome’s CEO and Founder.
“We are here to add value to entrepreneurs in any way we can. This partnership with Osome makes incorporation and account opening easy, fast and transparent eliminating frictions and giving business owners their time back,”
said Andrea Baronchelli, Aspire’s CEO and Co-Founder.
The partnership is welcome news for entrepreneurs around the world who want to start a new business in Singapore despite the current pandemic which has restricted business travels.
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