Moreover, thousands of new start-ups and SMEs are registered every day: recent research has revealed that an average 9% of all entities present in company registries were incorporated in the course of the last year for which data was available. It is estimated that there are 70 million micro-, small- and medium-sized enterprises (SMEs) in Southeast Asia today that employ over 140 million people and account for 99% of all businesses in the region.
Singapore, 25 July 2022 – Aspire, the #1 all-in-one finance operating system for growing businesses in Southeast Asia, has joined forces with award-winning RegTech provider Know Your Customer to safely facilitate access to its financial products to underserved SMEs and entrepreneurs in the region.