Statrys Payment Platform Ecosystem

Statrys and Railsbank Partner to Offer Much Needed Local Currency Accounts to Asian SMEs

Statrys Team
Published: 24 Jun 2020

Statrys announces its partnership with Railsbank, the leading global open banking platform.

Statrys expands its current service offerings (online business account, payments and forex solutions) to provide local currency accounts in EUR and GBP for Asian SMEs.

“We’ve banked with Statrys for a few months because we knew they would launch the local currency accounts. Having access to it from Hong Kong is going to help our business save money and keep a good relationship with our suppliers. ” Jacques DERREUMAUX, Founder of Noja Fine Trade Limited

Statrys joins forces with Railsbank as it is expanding throughout Asia backed by investment from Visa, the world’s leader in digital payments, and Global Brain, a major venture capital firm.

Launched earlier this year, Hong Kong based Statrys has the ambition to offer comprehensive banking services without the hassle of dealing with a bank.

King Leung, Head of Fintech of Invest Hong Kong, said, “FinTech has become an important growth engine for Hong Kong and the rest of APAC. A silver lining from the pandemic is the acceleration of digitization and Fintech adoption in Hong Kong. Also, the resilience and relatively quick resumption of business activities in Hong Kong is a timely reminder about the solid foundation as a global financial center built by generations of professionals in Hong Kong. As a proven FinTech launchpad, Hong Kong hopes to connect APAC’s FinTech businesses with the post-COVID opportunities in Greater China, ASEAN, and the rest of the world. We welcome the partnership between Statrys and Railsbank, which demonstrates the acceleration of financial inclusion to the Asian SMEs and active fintech investment in the region."

Bertrand Théaud, Founder and Director of Statrys, shares: “Working in partnership with Railsbank to offer local currency accounts is an important value add to our clients. It is clearly a major achievement in our effort to provide Asian SMEs with more effective payment solutions for their international business.”

Statrys was created to serve the entrepreneurs, start-ups and more established SMEs that are overlooked by the traditional banking system.

Nigel Verdon, co-founder, and CEO of Railsbank, said: “I am very pleased to welcome Statrys into the Railsbank family. Founder & Director Bertrand Théaud has impressed us all with his determination to help those companies in Hong Kong that the traditional banks ignore. 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. We look forward to working with Bertrand and his team over the coming years.”

About Statrys

Statrys is a Hong Kong based Fintech that provides Asian SMEs with the banking services whilst freeing them of dealing with banks. Positioned as a digital alternative to traditional banks, Statrys offers entrepreneurs a time-saving, user-friendly and cost-effective way to deal with their financial affairs.

Statrys’ services include access to a multi-currency business account, domestic and international payments, and innovative forex solutions.

Contact: Djon Ly

About Railsbank

Railsbank enables any business, or brand to be a fintech. The company is a pioneer and innovator in the Banking as a Platform (BaaP) and Financial Services as a Platform (FSaaP) sectors, defining the future of finance for consumers and SMEs.

Railsbank allows marketers, product managers, developers, CEOs and founders to rapidly prototype, launch and scale financial products using its open finance platform, operations, regulatory licensing and rich set of simple APIs. Its APIs are the building blocks that enable customers to build pretty much any financial use-case they can imagine, meaning its customers can deliver delightful finance experiences to consumers and businesses.

Contact: Neil Martin

author
Statrys Logo
Statrys Team
Subscribe &Stay Involved!

Statrys Limited is licensed as a Money Service Operator (No. 19-02-02726) in Hong Kong. ‍ Statrys UK Limited is a Small Payment Institution (FRM: 911226) registered with the Financial Conduct Authority in the United Kingdom. Statrys UK Limited (FRM: 902805) is a registered agent of PayrNet Limited (FRM:900594), an Electronic Money Institution authorised by the Financial Conduct Authority in the United Kingdom under the Electronic Money Regulations 2011 for the issuing of electronic money. Trade financing services are offered by our partner, Velotrade Management Limited, regulated by the Securities and Futures Commission of Hong Kong (CE Ref #BJL007)