Concept
Statrys is a Hong Kong fintech for SMEs. It opens multi-currency accounts in 11 currencies, processes local payments in 12 countries and SWIFT transfers to 120+ jurisdictions, issues corporate cards, provides FX from 0.1% above mid-market, and integrates with Xero, Shopify, Stripe, PayPal. Founded in 2020 in Hong Kong. As of 2026, it serves 10,000+ companies; achievements include Top 10 Fintech Startups in Hong Kong 2024, Best Cross-Border Fintech Payments Platform in Hong Kong 2025 (Asian Banker), FT High-Growth Companies Asia-Pacific 2026.
Regulation
Licensing stack
Statrys discloses two payment licensing nodes:
- Hong Kong — Money Service Operator under Customs & Excise Department, licence No. 19-02-02726 (primary);
- Singapore — Major Payment Institution under MAS, licence No. PS20200692 (held by Statrys Singapore Pte. Ltd.).
Statrys claims no UK payment licence in its own disclosures: the site footer, the licences section and the company factsheet name Hong Kong and Singapore only. Statrys UK Limited in Manchester is a registered company (Companies House No. 12031334) with no stated FCA payment institution status.
Local licences allow Statrys to accept clients from Hong Kong and Singapore directly. The SG MPI licence is significant: after MAS post-1MDB tightening, obtaining MPI requires proof of genuine local operation. Licence number PS20200692 belongs to the 2020 series; Statrys launched its Singapore account and office on 10 November 2025.
DBS custodianship as product axis
Holding client funds at DBS Bank (Hong Kong) as custodian is a structural choice that defines everything else. Statrys details appear to the receiving bank as DBS Hong Kong details; this removes the main reputational filter applied to pure EMIs by Asian correspondent banks. In return — KYC is stricter: DBS Bank conducts its own sanctions screening on top of Statrys checks.
Post-Wirecard tightening of supervision
After Wirecard 2020, supervision of Hong Kong MSOs tightened. An important detail: MSOs are licensed and supervised by the Customs & Excise Department (Commissioner of Customs & Excise, AMLO Cap. 615); the HKMA covers banks and stored-value facilities (SVF). Across the sector, requirements rose on reconciliation of safeguarded client funds, board governance and engagement of a licensed custodian for large payment operators. Statrys structured its architecture so these requirements are automatically met through DBS — providing resilience to regime changes.
Russian clients
Statrys is stricter than the average neobank due to dual checks (Statrys + DBS Bank). Two scenarios:
Products
Multi-currency account
11 inbound currencies: HKD, USD, EUR, CNY, GBP, SGD, JPY, AUD, CHF, NZD, CAD (18 outbound). One account number for all currencies, no minimum deposit or subscription fee. Caveat: in a month with no qualifying outgoing payments an HK$88 inactivity fee applies.
Local settlements in Hong Kong
Via FPS (Faster Payment System) and CHATS: incoming free, outgoing HK$5.
Local payments to 12 countries
In local currencies to USA, Singapore, UK, EU, Australia, India, Indonesia, Philippines, Thailand, Vietnam, Korea, Turkey — without SWIFT fees, at HK$25–50 per transaction. There is no local rail to Canada: CAD goes via SWIFT.
SWIFT to 120+ countries
Outgoing HK$85, incoming HK$60. MT-103 (payment confirmation) issued on request.
Currency exchange
From 0.1% above mid-market for major currencies, 0.15% for INR, IDR, PHP, KRW, THB, TRY, VND. Spot operations; forward hedging — via dedicated FX manager.
Mastercard cards
Virtual — issuance and maintenance free. Physical — free for HK and mainland China, HK$300 for delivery to other countries, HK$39/month per additional cardholder.
Integrations
Xero — automatic transaction and card operation synchronization, multi-currency reconciliation. Shopify, Stripe, PayPal — e-commerce and marketplace revenue receipt to Statrys account. No proprietary acquiring.
Operations
Personal manager from day of opening. The account has a role-based access model to separate work between team and accounting; Statrys does not publish the specific set of roles — confirm at opening. iOS / Android apps, SWIFT payment tracking, real mid-market rates in dashboard. Current pricing is on the Statrys pricing page.
Use cases
- HK / SG SME with Asian trade operation. Suppliers in China or SEA, clients in Asia and Europe. Statrys closes the loop with one account: incoming revenue in USD / EUR via SWIFT, local payments in INR, IDR, VND without double conversion. DBS details build trust with Asian partners.
- SaaS / IT company with international clients. Stripe and PayPal as payout — Statrys connects with DBS details. Xero synchronization removes manual reconciliation.
- E-commerce and dropshipping. Shopify / Stripe / PayPal payout → conversion to CNY / HKD at mid-market+0.1% → payments to Chinese suppliers. Dropshipping model must be described in application with explicit suppliers and chargeback logic.
- BVI holding with HK connection. BVI is accepted under two conditions: clear ownership structure and explicit operational ties to HK (local contracts, local clients, SPV over active business in region). Pure holding without operations — rejected.
- Solo entrepreneur and freelancer. HK Limited with one director and clients in US / EU. Statrys beats larger platforms: no base fee, low FX, personal manager from day one. For turnover up to $200,000–300,000 per year — one of the most economical options where payments are regular; idle months add an HK$88 inactivity fee.
Connection via private.law
- Package preparation. Corporate documents, passports of directors and shareholders, BR Certificate, business description in Statrys format. 1–3 business days.
- Application submission. We submit via portal, attach documents in one package.
- Statrys onboarding response. Dedicated onboarding team responds within 24–48 hours. We formulate clarifications.
- DBS Bank check. Statrys passes package to DBS Bank Hong Kong as custodian. DBS conducts its own KYC and sanctions screening. 3–7 business days.
- Account activation. Dashboard access, DBS Hong Kong details, virtual and physical card issuance. Same day.
Total time for clean profile — 5–10 business days. Complex structures (BVI holding with HK connection, multi-country UBO) — 2–3 weeks due to DBS compliance.
Q/A
What is required for submission?
Passports of directors and shareholders, BR Certificate, 1–2 paragraph business model description, UBO proof of address. For e-commerce / dropshipping — website or store link, supplier list.
Is personal presence required?
No. Everything remote. Video verification may be requested selectively.
How does Statrys differ from Airwallex and Wise?
DBS Bank (Hong Kong) custodianship — Statrys details appear to counterparties as DBS details, generating more trust from Asian partners than pure EMI details. In return — stricter KYC, narrower jurisdictions (HK / SG / BVI), no acquiring. Airwallex — more jurisdictions and products. Wise — better for freelancers.
What does Statrys charge?
Opening free for HK / SG companies. No subscription fee and no minimum deposit; in a month with no qualifying outgoing payments an HK$88 inactivity fee applies. SWIFT outgoing HK$85, incoming HK$60. Local HKD / CNY — HK$5 outgoing, incoming free. FX major currencies — from 0.1% above mid-market. Current pricing is on the Statrys pricing page.
Does it report under CRS / FATCA?
Yes, double: Statrys per its KYC, DBS Bank per its own. CRS self-certification collected at onboarding.
Which company do you open most often?
Hong Kong Private Limited Company — standard wrapper. Also regularly open for Singapore Pte. Ltd. BVI — possible with HK connections.