The Best Business Account in Singapore, Powered by Airwallex — Now With 10% Cashback
Grof clients get priority onboarding onto Airwallex's multi-currency business account, a digital business account for Singapore SMEs, backed by MAS-licensed corporate bank account infrastructure.
cashback on Employee Card spend, up to S$400, when you apply through Grof.
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What is Airwallex, and what does it do?
Airwallex is a global financial technology platform that provides businesses with a multi-currency business account, corporate and employee cards, international transfers, and foreign exchange, all from one dashboard. In Singapore, Airwallex (Singapore) Pte. Ltd. is licensed by the Monetary Authority of Singapore (MAS) as a Major Payment Institution under the Payment Services Act. It is not a bank, and balances are not covered by the Singapore Deposit Insurance Corporation (SDIC) scheme; customer funds are instead safeguarded with partner financial institutions in line with MAS rules.
For Singapore businesses, Airwallex functions as a digital corporate bank account alternative: you can hold and convert 20+ currencies, receive local payments via FAST, GIRO and PayNow Corporate, pay overseas suppliers without the usual SWIFT markups, and issue Employee Cards with individual spend limits, without visiting a branch.
Grof's Role
Grof is an Airwallex referral partner. When you apply through Grof's link, you get guided onboarding support (KYC document prep, activity declarations, entity structuring questions) from Grof's team, plus access to the 10% cashback campaign that isn't available by applying to Airwallex directly.
Why Singapore SMEs and enterprises
use the Airwallex business account
How to open an Airwallex business account through Grof
Apply via the Grof link
Use partners.airwallex.com/grofcashback so your account is tagged to the cashback campaign.
Complete KYC
Submit your ACRA business profile, director/shareholder identification, and a short description of your business activity.
Get approved
Airwallex reviews your application against MAS-mandated checks. Grof's team is on hand if you need help with documentation or structuring questions.
Start spending
Once approved, issue Employee Cards to your team. Your 90-day cashback-earning window starts from this approval date.
Stay compliant, in one place
Pair your new account with Grof's accounting and corporate secretary services so your books, filings, and banking stay in sync.
Trusted by businesses worldwide, rooted in Singapore
From startups and growing SMEs to foreign-owned companies, founders choose Grof to simplify compliance and scale with confidence in Singapore.
Common questions about Grof x Airwallex
Fresh insights from our business blog
Everything you need to know about running and funding a Singapore business — straight from Grof's advisors.
Ready to Open Your Airwallex Business Account?
Apply through Grof's dedicated link, complete KYC, and start earning 10% cashback on Employee Card spend, up to S$400.