Fintech platform Airwallex commits HK$2.25m more to support SMEs, startups in HK

Fintech platform Airwallex announced plans to provide further support for Hong Kong‘s SME and startup community, following the successful launch of its Hong Kong Small and Medium Enterprises (SMEs) initiative earlier this year.

Airwallex said it will commit an additional HK$2.25 million to the initiative, raising its total commitment to HK$4.5 million this year.

Airwallex first rolled out its SME initiative in April, and saw more than 450 of its SME customers benefit from the initiative. As one of today’s fastest growing financial technology companies, Airwallex offers a wide-range of products and offerings in Hong Kong, including its Airwallex Borderless Cards, online card payments solution and expense management platform.

“The last few years have tested the resilience, determination, and endurance of businesses in Hong Kong,” said Arnold Chan, General Manager, Hong Kong and Southeast Asia at Airwallex. “We are encouraged to see some SMEs on their path to recovery, but recognise many more still face challenges ahead. This additional rollout of initiatives aims to provide relief in areas where so many SMEs continue to struggle. We hope the additional support we provide will help make a difference for Hong Kong’s SME and startup community.”

The newly launched relief measures are available starting today and include:

• Rental Support: Compared to other major cities in the Asia-Pacific region, Hong Kong has the highest average rent for prime office space. As a major fixed cost for SMEs, Airwallex has partnered with office and warehouse space providers and an online rental payment platform to provide assistance and better options for rent payments.
• Integrated Logistics Support: The pandemic continues to impact global logistics and is having to contend with major disruptions and inefficient costs. Together with international transportation services company FedEx, and Hong Kong’s leading technology logistics platform GOGOX, Airwallex will provide discounts and cashbacks on various delivery and shipping options.
• Marketing Operations Workshops: In partnership with Google Ads, FedEx, and GOGOX, Airwallex is continuing to offer webinars and mentorship to SMEs over the course of the next months to upskill businesses looking to grow their business.

With one of the world’s most powerful payments and banking infrastructure, Airwallex’s technology empowers businesses of all sizes to accept payments, move money globally, and simplify their financial operations, all in one single platform. Established in 2015 in Melbourne, the fintech firm’s purpose is to connect entrepreneurs, business builders, makers and creators with opportunities in every corner of the world.

Today, Airwallex has a global footprint across Asia-Pacific, Europe, and North America.