Fintech Accounting & Tax Services in Singapore

Our Singapore fintech accounting services are designed for companies across this innovative sector:

• Payment Service Providers: Companies licensed by MAS under the Payment Services Act that handle high-volume transactions and need flawless reconciliation and safeguarding of customer funds.
• Digital Banks & Lending Platforms: Businesses managing loan books and deposits that must adhere to MAS's strict capital adequacy and reporting requirements.
• Digital Wealth & Asset Management: Robo-advisors and investment platforms holding a Capital Markets Services (CMS) license that must comply with strict rules on client asset segregation and reporting.
• Crypto & Digital Asset Companies: Exchanges, custodians, and blockchain companies navigating MAS's evolving framework for digital payment tokens and other virtual assets.
• Reg-Tech Solution Providers: Companies building compliance tools who need to demonstrate the highest standards of financial control to their banking and financial institution clients.

Specialized fintech accounting is non-negotiable from the moment you decide to pursue a regulated financial activity in Singapore. It becomes critical at these stages:

• During MAS License Application: Your application for a payment or capital markets license must include detailed financial projections and a comprehensive compliance and risk management framework.
• When Handling Client Funds: As soon as you control client assets, you fall under strict rules that require daily reconciliation and reporting to prove solvency and segregation of funds.
• Before Your First Statutory Audit: Annual audits are mandatory for most fintechs. Preparing for this requires an audit-proof set of accounts from day one, which will be scrutinized heavily.
• During a Fundraising Round: Fintech investors, especially in a sophisticated market like Singapore, conduct exceptionally deep due diligence on regulatory compliance, financial controls, and your business model's viability. Weaknesses here can terminate a deal instantly.

The cost of fintech accounting reflects the high level of expertise, risk management, and regulatory engagement required.

• Early-Stage Fintech (Pre-licensing): S$3,500 - S$7,000 per month. This covers building financial models for the MAS application and setting up the compliant chart of accounts.
• Licensed Growth-Stage Fintech: S$7,000 - S$15,000+ per month. This involves a dedicated team for daily reconciliations, regulatory reporting to MAS, and ongoing audit liaison.
• Virtual CFO for Fintech: Often integrated into higher-tier services, providing strategic guidance on regulatory capital, treasury management, and relationships with partner banks.

In Singapore's fintech sector, compliance failures are existential threats.

• MAS Enforcement: MAS can impose huge fines, restrict business activities, or revoke a license entirely for breaches of its regulations and directives.
• Client Money Breaches: Failure to properly segregate and protect client funds is one of the most serious offenses and can lead to immediate suspension and reputational collapse.
• AML/CFT Failures: Weak Anti-Money Laundering and Countering the Financing of Terrorism controls can result in severe penalties and the loss of critical banking relationships.
• Failed Audits: A qualified audit opinion can trigger a regulatory investigation and destroy the trust of investors, banking partners, and customers.

Building an in-house finance team with deep expertise in MAS regulations is a multi-hundred-thousand-dollar annual investment. Finding talent with the rare combination of skills in SFRS accounting, MAS rulebooks, and technology is incredibly difficult and expensive in Singapore's competitive market.

Outsourcing to YourLegal's fintech finance partners provides immediate access to a team that understands Singapore's regulatory landscape. We provide institutional-grade controls, policies, and reporting frameworks that MAS and "Big Four" audit firms expect. We don't just "do the books"; we build and manage the entire compliant financial infrastructure for your business. For a fintech startup in Singapore, this isn't a cost-saving measure—it's the only viable path to launching and scaling a regulated business successfully.