" class="no-js "lang="en-US"> Airwallex Commits Additional HK$2.25 million to Further Support Hong Kong SMEs and Startups - Fintech Finance
Friday, March 29, 2024

Airwallex Commits Additional HK$2.25 million to Further Support Hong Kong SMEs and Startups

Following the successful launch of its Hong Kong Small and Medium Enterprises (SMEs) Initiative earlier this year, leading fintech platform Airwallex announces its plans to provide further support for the city’s SME and startup community. Airwallex will commit an additional HK$2.25 million to the initiative, raising its total commitment to HK$4.5 million this year.

“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.”

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 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.

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 Cardsonline card payments solution and expense management platform.

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