1. These Terms and Conditions for the Aspire for Startups Program (“Promotion”) are binding on all persons participating in the Promotion organised by Aspire FT Pte. Ltd. (referred to as “Aspire”).
  2. Participants agree to be bound by all the Promotion terms and conditions below by participating in this Promotion. The Promotion terms and conditions must be read together with Aspire’s Terms of Use and Privacy Policy. In the event of any inconsistency between these Terms and Conditions and any brochure, marketing or promotional material relating to the Promotion, these Terms and Conditions shall prevail.

Eligibility

The Promotion is only available to selected partners of Aspire and their startups. The criteria to be eligible to participate in the Promotion is as defined below:

  1. Applicants must be referred by an Eligible Referrer and must be qualified as an Eligible Startup.
    1. Applicant must sign up through Aspire’s startup partners’ unique referral link or code
    2. Applicants must submit a new Aspire business account and card application after 13th March 2023
  2. Where all the criteria in 1(a) to 1(d) are met, applicants are referred to as “Eligible Applicants”.

Interpretation

  1. For the purpose of this Promotion:

    a. “Eligible Referrer” refers to partners who Aspire has invited to be a startup partner and have received a unique referral link and code from Aspire for the Aspire for Start-ups Program. b. “Eligible Start-up” refers to startup that Aspire has qualified as a venture-backed startup or an incubatee at a recognised incubator or accelerator c. “Venture-backed Start-up” refers to a company that has received funding (no minimum amount) from capital providers, including government investment vehicles, venture capitalists, corporates, family offices, and accredited business angels. d. “Incubatee” refers to a start-up currently being incubated or already being incubated by an incubator or accelerator in Singapore. If the start-up is currently being incubated or has already been incubated by an internationally renowned incubator or accelerator, Aspire reserves the right to request for evidence to prove the established relationship. e. “Qualifying Spend” refers to purchases that have been charged to an Aspire Card and are made at the listed Qualifying Merchants and Start-up Merchants (as shown below) during the Spending Period. f. “Spending Period” refers to purchases that have been charged to an Aspire Card by an Eligible Applicant.

  2. For the purpose of calculating the Qualifying Spend, the following shall apply:

    a. If a Qualifying Spend is cancelled or reversed after the applicable Spending Period is over, the Eligible Applicant will not be considered to have incurred the required Qualifying Spend.

    b. Where more than one Aspire Card is applied for and issued, Qualifying Spend on each Card will be aggregated with Qualifying Spend on other Cards to determine whether the Qualifying Spend for this Promotion has been met.

    c. Qualifying Spend exclusions: i. Refund(s) into the Aspire business account; ii. Pre-authorisation transactions on the Aspire Card; iii. Payment of funds to prepaid accounts and merchants categorised as “payment service providers” and/or “online payment gateway”. For example, Grab top-up, FAVEPAY topup, Carousell, MoneySend, Skrill.com, Matchmove.com, SmoovPay, CardUp, iPaymy, Ez-Link, NETS, YouTrip, Revolut, Wise. iv. Any other transactions determined by Aspire from time to time. d. “Qualifying Spend” refers to purchases charged to an Aspire Card and made at the listed Qualifying Merchants and Start-up Merchants (as shown below) during the Spending Period.

    e. “Spending Period” refers to purchases that have been charged to an Aspire Card by an Eligible Applicant.

Promotion Mechanics

  1. Subject to the fulfilment of Clause 3, the Eligible Applicant will be entitled to receive only the Promotion Rewards displayed on the Eligible Referrer’s landing page:

  2. To redeem the Launcher reward, the Eligible Applicant must fulfil the following criteria:

    a. Have completed a qualified spend of S$500 within 30 days of account opening. b. Have indicated their interest to redeem the S$300 cash rebates by informing the Aspire customer support team at [email protected].

  3. Upon the fulfillment of all the criteria defined in Clause 7, the Eligible Applicant will be entitled to receive a cash reward of S$300. The S$300 will be credited directly to the Eligible Applicants registered Aspire business account by the following month.

  4. To redeem Early-Stage reward, the Eligible Applicant must fulfil the following criteria:

    a. 50% of incorporation is only applicable to Eligible Applicant who have registered their business entity in Singapore through any one of Aspire Kickstart incorporation packages by 31 December 2022; b. Have deposited fresh funds of S$100,000 into their Aspire business account within 90 days of account opening OR completed a qualified spend of S$20,000 at any listed Qualifying Merchants, by within 90 days of account opening. c. Have indicated their interest to redeem the free Singapore incorporation service package by informing the Aspire customer support team at [email protected].

  5. Upon the fulfilment of all the criteria defined in Clause 9, the Eligible Applicant will be entitled to receive 50% cashback on the amount paid to Osome Pte. Ltd. for the incorporation services rendered under the relevant Aspire Kickstart packages (capped at $2,680). The Aspire marketing team will contact the Eligible Applicant to facilitate the redemption of relevant cashback reward.

  6. To redeem Growth-Stage reward, the Eligible Applicant must fulfil the following criteria:

a. Free incorporation is only applicable to Eligible Applicant who have registered their business entity in Singapore through any one of Aspire Kickstart incorporation packages by 31 December 2022; b. Have deposited fresh funds of S$250,000 into their Aspire business account within 90 days of account opening OR completed a qualified spend of S$50,000 at any listed Qualifying Merchants, by within 90 days of account opening. c. Have indicated their interest to redeem the free Singapore incorporation service package by informing the Aspire customer support team at [email protected]. 7. Upon the fulfilment of all the criteria defined in Clause 11, the Eligible Applicant will be entitled to receive 100% cashback on the amount paid to Osome Pte. Ltd. for the incorporation services rendered under the relevant Aspire Kickstart packages (capped at $2,680). The Aspire marketing team will contact the Eligible Applicant to facilitate the redemption of relevant cashback reward.

Promotion Cashback Mechanics

  1. The Eligible Applicant will be eligible for only ONE of the following cashback of monies spent on Qualifying Merchants as defined below (“Promotion Cashback”) for a period of 6 months.

    a. Launcher: Eligible Applicant receives upsized cashback of 3% on qualified spend capped at S$10,000 spend b. Early-Stage: Eligible Applicant receives upsized cashback of 5% on qualified spend capped at S$25,000 spend c. Growth-Stage: Eligible Applicant receives upsized cashback of 5% on qualified spend capped at S$50,000 spend