ANEXT Bank is a Singapore-based digital wholesale bank, wholly owned by Ant International, dedicated to providing innovative financial services tailored for micro, small, and medium enterprises (MSMEs. Since its inception in June 2022, ANEXT Bank has been committed to empowering businesses through digital adoption, sustainable practices, and global expansion.
Key Features and Functionality:
- Multi-Currency Business Accounts: Facilitate both local and international transactions without requiring a minimum balance.
- Unsecured Financing: Offer accessible loans starting from S$5,000, with flexible repayment options to support diverse business needs.
- Fixed Deposit Accounts: Provide investment opportunities with deposits as low as US$5,000 for terms as short as one month.
- Remote Onboarding: Enable foreign business owners to open bank accounts remotely, eliminating the need for physical branch visits.
- Embedded Finance Solutions: Collaborate with digital platforms to integrate financial services directly into the tools businesses already use, enhancing accessibility and convenience.
Primary Value and Solutions for Users:
ANEXT Bank addresses the unique challenges faced by MSMEs by offering seamless, secure, and efficient digital banking solutions. By leveraging cutting-edge technology, the bank simplifies financial processes, reduces operational barriers, and supports businesses in their growth and internationalization efforts. This commitment to innovation and inclusivity ensures that MSMEs have the resources and support needed to thrive in a competitive global market.