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Wednesday, July 24, 2024

Airwallex launches new initiative to boost Singapore’s startup ecosystem

Airwallex launches 'Airwallex for Startups' in Singapore, offering financial tools, mentorship, and a S$10,000 business grant to empower local startups.

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Amid a growing positive outlook on the business environment, Airwallex has unveiled its new programme, ‘Airwallex for Startups', in Singapore. Following its successful introduction in Hong Kong and Australia, this initiative aims to assist over 55,000 local startups.

Helping startups to scale and succeed

The ‘Airwallex for Startups' programme is tailored to help emerging businesses in Singapore enhance their growth and extend their operations internationally. Arnold Chan, the General Manager of Asia at Airwallex, emphasised the critical role startups play in fostering innovation and progress globally. “Startups are the backbone of innovation and progress around the world, and this programme 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 Chan during the programme's launch.

The programme offers a variety of financial tools and advice from the outset, ensuring startups can effectively manage their resources and engage more profoundly with the broader business ecosystem.

Comprehensive benefits for participants

Startups participating in the programme will enjoy several significant advantages. These include six months of waived fees for Airwallex's expense management services and a 3 per cent cash back on purchases made with Airwallex Borderless Cards. Additionally, they will benefit from up to S$20,000 in fee-free payment processing and up to S$250,000 in Google Cloud credits.

Further perks include discounted subscriptions for essential business services such as Xero and HubSpot, where startups can avail of 30 per cent off in their first year and 15 per cent in the second. These offers are designed to alleviate the financial burdens on emerging businesses, allowing them to invest more resources into growth and development.

Networking and mentorship opportunities

Moreover, the programme participants will have access to an array of networking with fellow founders and industry leaders, as well as workshops covering topics from artificial intelligence to customer relationship management. These activities are aimed at providing startups with the knowledge and connections needed to thrive in a competitive market.

A chance to win a substantial business grant

Singapore-based startups can also apply for the S$10,000 Level-up Business Grant offered by Airwallex. This grant will significantly boost their resources and help the winning startup accelerate its growth trajectory. Applications are open until 11:59 PM on August 31, 2024, and the winner will be announced around the Singapore Grand Prix later that year.

Startups interested in this exciting opportunity are encouraged to sign up and submit their innovative answers to a simple question posed by Airwallex, demonstrating their creativity and potential for future success.

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Nurin Sofia
Nurin Sofia
Nurin Sofia is a news editor at Tech Edition. Her interest is in technology and startups, occasionally crunching news for gaming. Sofia enjoys playing video games, going on bike rides, and gardening when she isn't behind a keyboard.

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