Aspire, a Singapore-based fintech firm, announced Tuesday its integration with Payboy, a Singapore-based payroll software providers, to streamline payroll management.

Aspire said in a statement on Tuesday that this integration marks Aspire as the first fintech company to directly integrate with Payboy, streamlining payroll operations for growing businesses.

It is noted that payroll management is traditionally a cumbersome process.

Businesses often spend valuable hours manually reformatting payroll files for bank transfers, increasing the risk of errors and operational disruptions.

In fact, 52 percent of Singaporean human resource (HR) professionals report spending up to 6 hours per week troubleshooting payroll errors, revising records, or querying data, time that could otherwise be directed towards strategic business growth and productivity.

The new integration directly addresses these challenges by enabling a seamless export of payroll data. Businesses can effortlessly export payroll files from Payboy and import them directly into Aspire without any additional manual reformatting.

This streamlined process drastically reduces error rates and administrative workload, enabling payroll to be executed efficiently in just two simple steps: export and upload.

“We are proud to be the first fintech to integrate with Payboy,” said Andrea Baronchelli, Chief Executive Officer and Co-Founder of Aspire.

“Aspire is leading the way in simplifying financial operations,

“We’re not just offering faster payroll, we’re redefining what modern, automated finance should look like for ambitious businesses,” he added.

Raphael Ng, General Manager of Payboy, said this collaboration represents a shared vision of what business tools should be: intuitive, compliant, and built for growth.

“Together with Aspire, we’re helping teams move faster with confidence, and enabling data driven decisions,” he added.

According to the statement, the partnership supports Aspire’s broader vision of streamlining business finance through seamless integrations with trusted tools.

The Payboy integration expands Aspire’s suite of payroll integrations, reinforcing its commitment to automating and simplifying financial operations for Singaporean entrepreneurs and businesses.

Aspire is the all-in-one finance platform for modern businesses globally, supporting over 50,000 companies save time and money with international payments, treasury, expense, payable, and receivable management solutions – accessible via a single, user-friendly account.

Headquartered in Singapore, Aspire has 600+ employees across nine countries, clients in 30+ markets.

The firm is backed by global top tier VCs, including Sequoia, Lightspeed, Y-Combinator, Tencent and Paypal.

In 2023, Aspire closed an oversubscribed $100 million Series C round and announced that it has achieved profitability.

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