Railsbank, the main international open banking platform, proclaims that it has gained progressive Hong Kong fintech Statrys as a buyer.
Bertrand Théaud, Founder and Director of Statrys, shares: “Working in partnership with Railsbank to offer local currency accounts is an important value add to our clients. It is clearly a major achievement in our effort to provide Asian SMEs with more effective payment solutions for their international business.”
Railsbank is increasing all through Asia from its regional hub in Singapore. It not too long ago acquired funding from Visa, the world’s chief in digital funds, and International Mind, a serious enterprise capital agency based mostly in Tokyo, Japan.
It additionally introduced a partnership with Visa to ship Banking as a Service (BaaS) innovation in Singapore, the Philippines, Vietnam and Thailand, and not too long ago turned a Visa issuing member in Singapore. Being a Visa member and by becoming a member of Visa’s Fintech Quick Observe Programme, Railsbank can now entry Visa’s rising associate community, applied sciences and specialists, enabling Railsbank’s prospects to quickly and successfully launch Visa-based merchandise all through Asia and past.
Nigel Verdon, co-founder and CEO of Railsbank, mentioned: “I am very pleased to welcome Statrys into the Railsbank family. Founder and Director Bertrand Théaud has impressed us all with his determination to help those companies in Hong Kong that the traditional banks ignore. Financial inclusion is just as important for SMEs as it is for individuals, and this marries with the Railsbank fundamental belief that everyone should have access to banking services. We look forward to working with Bertrand and his team over the coming years.”
King Leung, Head of Fintech of Make investments Hong Kong, mentioned, “FinTech has develop into an necessary progress engine for Hong Kong and the remainder of APAC. A silver lining from the pandemic is the acceleration of digitisation and Fintech adoption in Hong Kong. Additionally, the resilience and comparatively fast resumption of enterprise actions in Hong Kong is a well timed reminder in regards to the strong basis as a worldwide monetary centre constructed by generations of execs in Hong Kong. As a confirmed FinTech launchpad, Hong Kong hopes to attach APAC’s FinTech companies with the post-COVID alternatives in Better China, ASEAN and the remainder of the world. We welcome the partnership between Statrys and Railsbank, which demonstrates the acceleration of economic inclusion to the Asian SMEs and energetic fintech funding within the area.”