Railsbank signs on Hong Kong fintech Statrys
Open banking and regtech platform, Railsbank, has signed on Hong Kong-based fintech Statrys.
Statrys provides online business accounts, payments, and forex solutions for small and medium-sized enterprises (SMEs) in Asia.
The firm states that it wants to serve entrepreneurs, start-ups and more established SMEs which it claims are “overlooked” by the traditional banking system.
“Working in partnership with Railsbank to offer local currency accounts is an important value add to our clients,” says Bertrand Théaud, founder and director of Statrys.
“It is clearly a major achievement in our effort to provide Asian SMEs with more effective payment solutions for their international business.”
Railsbank is expanding throughout Asia from its regional hub in Singapore. The firm secured an extra injection of Series A funding from Visa and Global Brain back in April.
The firm partnered with Visa to offer banking as a service (BaaS) services in Singapore, the Philippines, Vietnam and Thailand. It also became a Visa issuing member in Singapore.
“I am very pleased to welcome Statrys into the Railsbank family,” says Nigel Verdon, co-founder and CEO of Railsbank.
“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.”