Airwallex has launched its investment product Yield in Singapore after securing a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS), enabling the fintech to offer regulated investment and custodial services for local businesses.
With Airwallex Yield, companies can earn returns on surplus funds by investing in highly rated money market instruments, across both Singapore dollars (SGD) and U.S. dollars (USD).
Businesses can move funds between operating balances and investment accounts without lock-up periods, offering flexibility in managing liquidity.
The company is partnering with Fullerton Fund Management for the SGD strategy and Goldman Sachs Asset Management for USD.
This collaboration leverages institutional-level treasury management while targeting a growing base of small and medium-sized enterprises (SMEs) seeking more efficient ways to manage excess cash.
“Launching Airwallex Yield in Singapore is a significant milestone,” said Arnold Chan, General Manager for Asia Pacific at Airwallex. “We’re grateful to MAS for supporting our vision to bring smarter financial infrastructure to businesses.”
The move reflects a broader strategy by Airwallex to expand beyond its core cross-border payments and FX platform into integrated treasury and financial services.
After successful launches in Australia and Hong Kong, the expansion into Singapore signals growing demand among corporates for alternatives to traditional banking products that often offer minimal yields on deposits.
For Singapore’s SME segment, which contributes over 40% of GDP and employs more than 70% of the workforce, access to simple, regulated investment tools has long been limited.
Airwallex is positioning itself as a tech-driven alternative, bundling cash management with payments and FX solutions under a single platform.
The launch comes as businesses globally face a more complex interest rate and liquidity environment.
“An evolving market environment calls for effective liquidity management strategies,” said Mike Siegel, global head of liquidity solutions at Goldman Sachs Asset Management.
Airwallex’s entry into Singapore’s treasury services market also puts it in closer competition with neobanks and fintechs targeting the SME segment, including Aspire, Wise, and Revolut Business.
By integrating investment and treasury capabilities into its product stack, Airwallex is betting that demand for yield-bearing tools will continue to rise among growth-stage businesses managing multi-currency revenues and operating across borders.
The company’s next challenge may lie in scaling adoption beyond startups and tech-savvy firms to reach a broader corporate base especially as regulatory oversight tightens and traditional financial institutions expand their digital offerings.
Business News Asia
