Amid increasing positive sentiment about the business climate , Airwallex has launched its ‘Airwallex for Startups’ program in Singapore to further empower the city-state’s community of over 55,000 startups.

Airwallex said in a statement on Thursday that the program aims to empower startups to grow and scale their businesses, offering them tips and tools to manage their finances more effectively from the start of their journey and enable them to better connect with the ecosystem.

As Airwallex continues to support businesses globally in their expansion, they are now launching this program in Singapore.

Singapore is the third market where Airwallex has launched this exciting initiative, which began in Hong Kong and Australia.

“Startups are the backbone of innovation and progress around the world, and this program is designed to help Singapore's entrepreneurs achieve their ambitions, take risks on their ideas, expand their reach and continue to build their businesses beyond borders,” said Arnold Chan, General Manager of Asia, Airwallex,

Joining the program gives Singapore-based startups access to six months of waived expense management fees for Airwallex and 3 percent cashback for Airwallex Borderless Cards; up to SGD 20,000 ($14,806) of fee-free payments processed by Airwallex; up to SGD 250,000 ($185,076) worth of Google Cloud credits; up to three months worth of Xero subscription; 30 percent off the first year, 15 percent off the second year of HubSpot subscription.

In addition to the exclusive product offers above, Singapore-based startups will gain access to networking activities with founders and industry leaders, attend workshops that will address topics ranging from artificial intelligence to customer relationship management.

As part of the launch of Airwallex for startups in Singapore, local startups can apply for a SGD 10,000 ($7403) level-up business grant to unlock their next level of growth.

Applications are now open and will close at 11.59pm on August 31, 2024. The winner will be announced at a partnership event in the lead-up to the Singapore Grand Prix later in the year.

Airwallex is a global financial platform that is founded in Melbourne and headquartered in Singapore.

The firm supports over 100,000 businesses globally and is trusted by brands such as Brex, Rippling, Navan, Qantas, SHEIN and many more.

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