# Statrys > Statrys is a Hong Kong fintech for SMEs with multi-currency accounts, local payments, SWIFT transfers, FX, and use cases for international structures. Author: Гордей Болотько — партнёр, Corporate & Commercial (https://wiki.private.law/authors/bolotko) Last modified: 2026-06-04T06:15:00.000Z Canonical: https://wiki.private.law/en/statrys-hong-kong-payment-account Topics: banking Jurisdictions: hong-kong, singapore, uk Functional tags: neobank, corporate-banking, neobank Semantic tags: neobank, corporate-banking, neobank Article type: child --- Partner, Corporate & Commercial --- ## 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 2019 in Hong Kong. As of 2026, it serves10,000+ 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. > 💡 Statrys' key feature is that client funds are held in named accounts atDBS Bank (Hong Kong). This provides bank-level custodianship within a licensednon-bankstructure: Statrys details appear to recipients as a DBS Hong Kong account (SWIFT DHBKHKHH). ## Regulation ### Triple licensing stack Statrys is one of the few SME fintechs withthree regulatory nodes simultaneously: - Hong Kong— Money Service Operator under Customs & Excise Department (primary license); - Singapore— regulated neobank underMAS(obtained in 2025 with office opening and SG account); - UK— Small neobank underFCA. This allows Statrys to accept clients from three key jurisdictions under local licenses, not through cross-border passive acceptance. The SG neobank license is particularly significant: after MAS post-1MDB tightening, obtaining neobank for a non-resident operator requires proof of genuine local operation. ### DBS custodianship as product axis Holding client funds in named accounts at DBS Bank (Hong Kong) 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 neobanks by Asian correspondent banks. In return — KYC is stricter: DBS Bank conducts its own sanctions screening on top of Statrys checks. ### Post-Wirecard and HKMA scrutiny After Wirecard 2020, HKMA strengthened neobank supervision: daily safeguarded funds reconciliation, stricter board governance requirements, mandatory licensed custodian engagement for large neobanks. Statrys structured its architecture so these requirements are automatically met through DBS — providing resilience to HKMA regime changes. ### sanctions-sensitive clients Statrys is stricter than the average neobank due to dual checks (Statrys + DBS Bank). Two scenarios: > 💡 Rejection. UBO is a tax resident of a sanctions-sensitive jurisdiction, business is connected to a sanctions-sensitive jurisdiction or has counterparties in sanctions-sensitive jurisdictions, source of funds linked to a sanctions-sensitive economy. Statrys does not accept; DBS Hong Kong rejects at custodian level even if Statrys approves. > 💡 Opening possible. UBO with residence permit or citizenship of a country outside sanctions lists (EU, UK, UAE, Turkey, SG, HK), source of funds and business are not connected to high-risk sanctioned jurisdictions. DBS checks may be stricter than Airwallex or Wise. ## Products ### Multi-currency account 11 currencies: HKD, USD, EUR, CNY, GBP, SGD, JPY, AUD, CHF, NZD, CAD. One account number at DBS Hong Kong for all currencies, no minimum deposit or monthly fee. ### 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, Canada, UK, EU, Australia, India, Indonesia, Philippines, Thailand, Vietnam, Korea, Turkey — without SWIFT fees, at HK$25–50 per transaction. ### 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. In-account roles: Reader, Maker, Approver, Accountant — to separate work between team and accounting. iOS / Android apps, SWIFT payment tracking, real mid-market rates in dashboard. Current pricing onStatrys 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 $200–300K per year — one of the most economical options. ### Connection viaprivate.law 1. Package preparation.Corporate documents, passports of directors and shareholders, BR Certificate, business description in Statrys format. 1–3 business days. 2. Application submission.We submit via portal, attach documents in one package. 3. Statrys onboarding response.Dedicated onboarding team responds within 24–48 hours. We formulate clarifications. 4. 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. 5. 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 neobank 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 monthly fee, no minimum deposit. 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 onStatrys website. ### 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. ## Related topics - Company in Hong Kong - Opening accounts in Hong Kong banks - Neobanks - Airwallex - Wise Business - Currenxie - Aspire - Payoneer - Mercury - Personal account abroad - CFC --- ## FAQ ### 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 необанк 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 monthly fee, no minimum deposit. 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 onStatrys website. ### 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. --- ## Factual claims - After Wirecard 2020, HKMA strengthened neobank supervision: daily safeguarded funds reconciliation, stricter board governance requirements, mandatory licensed custodian engagement for large необанки. - 11 currencies: HKD, USD, EUR, CNY, GBP, SGD, JPY, AUD, CHF, NZD, CAD. - Via FPS (Faster Payment System) and CHATS: incoming free, outgoing HK$5. - In local currencies to USA, Canada, UK, EU, Australia, India, Indonesia, Philippines, Thailand, Vietnam, Korea, Turkey — without SWIFT fees, at HK$25–50 per transaction. - Outgoing HK$85, incoming HK$60. - From 0.1% above mid-market for major currencies, 0.15% for INR, IDR, PHP, KRW, THB, TRY, VND. - Total time for clean profile —5–10 business days.