Singapore-based fintech Aspire has secured a European electronic money institution (EMI) licence and selected the Netherlands to host its continental base of operations as the company looks to expand into the European Union (EU).
Founded in 2018 by CEO Andrea Baronchelli and CTO Giovanni Casinelli, Aspire presents itself as an “all-in-one finance platform for modern businesses,” integrating a multi-currency business account with services for international payments, cards, treasury management, expenses, invoices, and accounts payable and receivable.
Aspire has appointed Dajana Nozić to spearhead its expansion into the EU and the creation of a European hub. She will be assisted by former Revolut executive Akash Kaul, who will take on the role of VP for global expansion and growth.
The company is already established in regions such as Australia, where it holds an Australian financial services license (AFSL), and the U.S., where it operates as a registered money services business (MSB) and a registered investment advisor.
In April, Aspire further enhanced its operations in Singapore by obtaining a capital markets license (CMS) from the Monetary Authority of Singapore (MAS).