Statrys has expanded its operations in Singapore with the launch of a unified platform designed to simplify cross-border business for small and medium enterprises. The Company-Accounting-Business Account, or CAB, platform brings together incorporation services, accounting support, and multi-currency payment management within a single system. The rollout follows the company’s recent approval as a Major Payment Institution by the Monetary Authority of Singapore.
The Hong Kong-headquartered fintech company, established in 2020, was created to help smaller firms navigate the complexity of international operations and financial administration. It now supports more than 5,000 clients in over 70 countries, and has processed more than US$5 billion in payment volume and US$2 billion in foreign exchange transactions. Statrys operates directly in Hong Kong, Singapore, and the European Union, and holds regulatory approvals that include a Money Service Operator licence in Hong Kong and Small Payment Institution registration with the Financial Conduct Authority in the United Kingdom.
Founder and CEO Betrand Théaud said the expansion reinforces the company’s commitment to improving financial accessibility for smaller firms. “Our mission has been clear from the start: to remove the complexities of global operations and empower businesses to grow faster with full confidence and control. Statrys’ CAB platform is purpose-built for SMEs, simplifying admin, ensuring compliance, and providing a seamless way of managing multi-currency payments, foreign exchange and cash flow all in one place, so they can focus on growing their business,” he said.
Addressing the challenges faced by smaller businesses
SMEs make up more than 90 per cent of all businesses across much of Asia and contribute more than 40 per cent of GDP in many markets. Despite their scale and economic importance, many still face difficulty when expanding overseas. Common obstacles include opening multi-currency accounts, managing foreign exchange exposure, coordinating regulatory compliance, and working across multiple jurisdictions. Much of today’s financial infrastructure continues to be designed for larger enterprises, leaving millions of smaller firms under-served.
Théaud stressed that financial administration should not become a barrier to growth. “Financial administration should be simple, secure, fast, and inherently human instead of being a source of stress for smaller businesses. As global supply chains diversify and new trade corridors open particularly between Asia and Europe, we are committed to make financial management and compliance easy and seamless as they seize emerging opportunities across borders,” he said.
A single platform for company set-up, accounting and payments
The CAB platform is built to give SMEs a unified system for managing essential business operations. It offers company creation services for firms establishing a presence in Hong Kong or Singapore, including incorporation, company secretary functions, regulatory compliance, a registered business address, and 24/7 access to a document management portal.
Its accounting service covers bookkeeping, audit coordination, tax filing, and structured documentation. Statrys uses its own technology to deliver timely and accurate financial reports that aim to support informed decision-making and ensure compliance.
The platform also supports multi-currency business accounts that allow clients to receive payments in 11 currencies and send funds to more than 100 countries in 18 currencies. It offers competitive foreign exchange rates with hedging options, transparent fees, and payment cards to support daily financial operations.
Innovation and the responsible use of artificial intelligence form a significant part of the company’s development strategy. The CAB platform includes the StatAI Chatbot for real-time support, payment tracking for improved visibility, and user-role controls that ensure every transfer goes through strict approval workflows.
Théaud said the company’s growing footprint across Asia reflects its intention to set a higher standard in SME-focused financial services. “Our expansion in Asia is about setting a new standard for how fintechs can truly serve the needs of SMEs, entrepreneurs and startups without ever compromising on compliance. Trust, transparency and integrity are the foundation of everything we do at Statrys,” he said.
