London based open banking platform, Railsbank has gained Hong Kong-based fintech as its new customer. Statrys provides online business accounts, payment and forex solutions for Asian SMEs from its base in Hong Kong.

“Working in partnership with Railsbank to offer local currency accounts is an important value add to our clients. It is clearly a major achievement in our effort to provide Asian SMEs with more effective payment solutions for their international business,” said Bertrand Théaud, Founder and Director of Statrys.

Railsbank is expanding its footprints in Asian markets from its regional hub in Singapore. Statrys offers banking services without the hassle of dealing with the bank providing services to entrepreneurs, startups and SMEs.

Railsbank recently received investments from Visa and Global Brain. It also announced a partnership with Visa to provide BaaS products in Singapore, Philippines, Vietnam and Thailand. Railsbank also became Visa issuing member in Singapore and by joining Visa’s Fintech Fast Track Programme, it can access Visa’s network and technology.