Singapore’s digital banking scene has grown rapidly, with several players focusing on SME support. Leading names include Aspire, ANEXT, and Trust Bank.

Aspire offers borderless multicurrency accounts and smooth integrations with accounting platforms. ANEXT, backed by Ant Group, focuses on global trade and invoice financing. Trust Bank, a newer entrant, targets retail and small enterprise users with no minimum balance and zero monthly fees.

When selecting a provider, consider user experience, transaction fees, available features, and long-term scalability.

FAQs:

Q: Do digital banks offer business loans?

A: Some, like ANEXT, provide SME credit lines, though typically smaller than traditional banks.

User Comments:

  • “Aspire’s dashboard makes our financial overview simple and transparent.”
  • “ANEXT helped us streamline supplier payments across borders.”

Editor’s Note:

Digital banking isn’t one-size-fits-all—match the platform with your business type and goals.

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Sophia Tan

About the Author

Helen Lili – Editor, Research Lead
Helen leads tariff analysis and product change tracking. She maintains the normalized dataset that powers our comparison tables and ensures each claim links back to a dated primary source. Read more articles

Disclaimer:The BankOpen Singapore Editorial Team consists of financial analysts, banking industry professionals, and experienced writers. We are dedicated to providing accurate, up-to-date, and practical insights to help readers navigate Singapore’s banking landscape and make informed financial decisions. The information provided in this article is for general informational purposes only and does not constitute financial, investment, or legal advice. Always consult with a qualified professional before making any banking or investment decisions.