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Venture Capital Startups Incentives Program
Terms and Conditions 


1. Introduction

1.1 These Terms and Conditions for the Venture Capital Startup Incentives Program ("Program") are binding on all startups participating in the Program organised by Aspire FT Pte. Ltd. (referred to as the "Company").
1.2 By participating in this Program, participants agree to be bound by these Program terms and conditions. These Terms and Conditions must be read together with the Company's Terms of Service, Privacy Policy, and any other applicable policies. In the event of any inconsistency between these Terms and Conditions and any brochure, marketing or promotional material relating to the Program, these Terms and Conditions shall prevail.
1.3 The Company reserves the right, at its sole discretion, to modify, amend, or update these Terms and Conditions at any time. Any changes will be effective immediately upon posting the updated Terms and Conditions on the Company's website. Participants in the Program are responsible for regularly reviewing these Terms and Conditions to stay informed of any changes.

2. Eligibility

2.1
The Program is only available to startups that meet the criteria defined herein. To be eligible to participate in the Program, startups must:

  1. be legally incorporated in Singapore or qualified to do business in Singapore;

  2. have received or have plans to receive venture capital funding that qualifies them as either a Pre-Seed, Seed, or Series A+ stage startup as defined in Clause 3.2;

  3. complete the application process through the designated application portal;

  4. provide all required documentation verifying their funding status and eligibility; and

  5. receive formal acceptance into the Program from the Company.
2.2
Where all the criteria in Clauses 2.1(a) through 2.1(e) are met, startups are referred to as "Eligible Startups".
2.3
Notwithstanding Clause 2.2, the Company retains the sole discretion in determining whether a startup meets the eligibility requirements for the Program.

3. Interpretation

3.1 The singular of any term, including any defined term herein, shall include the plural and the plural of any term shall include the singular.
3.2 For the purpose of this Program:

  1. "Benefit Period" refers to the specific duration during which each Program Benefit is available to an Eligible Startup, as detailed in the Schedule.

  2. "Eligible Startup" has the meaning ascribed to it in Clause 2.2.

  3. "Partner" refers to any third-party service provider, vendor, or organisation that provides services or benefits as part of the Program.

  4. "Program Benefits" refers to the various incentives, perks, services, credits, discounts, and other advantages offered to Eligible Startups as detailed in the Schedule.

  5. "Qualifying Activities" refers to the specific actions, milestones, or requirements that an Eligible Startup must fulfil to access or maintain specific Program Benefits.

  6. “Schedule” refers to the schedule of these Terms and Conditions.

  7. "Pre-Seed Stage Startup" refers to a startup that has received initial funding typically ranging from $50,000 to $500,000 from friends and family, angel investors, pre-seed funds, or accelerators, and is typically in the concept or early product development phase.

  8. "Seed Stage Startup" refers to a startup that has received seed funding typically ranging from $500,000 to $3 million from seed funds, angel groups, early-stage venture capital firms, or similar entities, and has a minimum viable product with some early traction.

  9. "Series A+ Stage Startup" refers to a startup that has received Series A financing or beyond (including Series B, C, etc.) typically at or above $3 million from institutional venture capital firms, and demonstrates significant traction, revenue growth, or user acquisition.

  10. “Terms of Service” means the terms and conditions of the Company which can be accessed at https://aspireapp.com/tnc/master-service-agreement.
3.3
For the purpose of determining the startup stage of a startup, the following shall apply:

  1. the determination will be based primarily on the most recent funding round completed by the startup;

  2. the Company may request documentation including but not limited to term sheets, cap tables, bank statements, or other proof of funding;

  3. if a startup has received funding that spans multiple stage definitions, the Company will categorise the startup based on its most advanced qualifying stage; and

  4. the Company's determination of a startup's stage is final and binding.

4. Program mechanics

4.1 Upon acceptance into the Program, Eligible Startups may redeem any of the Program Benefits as outlined in the Schedule, provided, however, that the Eligible Startups shall, where applicable:

  1. complete any required onboarding processes specific to any Program Benefit;

  2. fulfil any Qualifying Activities required for any Program Benefit;

  3. adhere to any usage guidelines, terms, or restrictions associated with any Program Benefit; and

  4. acknowledge and agree to the applicable Terms of Service.
4.2 Program Benefits are non-transferable and may not be sold, exchanged, or bartered.
4.3 Redemption of certain Program Benefits may require interaction with Partners. In the event such Program Benefits cannot be redeemed due to the acts and/or omissions of the Partners, the Company shall not be responsible
4.4 In addition to Clause 4.1, the Company reserves the right to request further information or documentation to verify eligibility for any Program Benefit redemption.
4.5 Program Benefits that require activation or redemption must be initiated and completed within 90 days of acceptance into the Program unless otherwise specified.
4.6 The duration for each Program Benefit is as stipulated in the Schedule.
4.7 The Company reserves the right to alter, extend, cancel, terminate, or suspend any of the Program Benefits and shall not be liable to pay any compensation or enter into any correspondence in connection with the same. In the event of such alteration, extension, cancellation, termination, or suspension, the Company will update the relevant webpages with the deal information. No further notification will be given to startups.

5. General Terms and Conditions

5.1 The Schedule forms an integral part of these Terms and Conditions and outlines the Program Benefits.
5.2 The Eligible Startup's account with the Company must be in good standing and not suspended or terminated for any reason at the time of redemption of any Program Benefit.
5.3 The Company reserves the right to disqualify any Eligible Startup from the Program or revoke any redeemed Program Benefits if it reasonably determines that the Eligible Startup is not eligible for the Program, including but not limited to: (i) where the Eligible Startup’s account is delinquent, voluntarily closed, terminated, or suspended for any reason whatsoever; (ii) where the Program Benefits were redeemed due to an error or misrepresentation; or (iii) where the Eligible Startup fails to meet ongoing Program requirements..
5.4 This Program is solely offered and sponsored by the Company. Any Partners listed in the Schedule have no agreement or affiliation with, and have not authorised or endorsed, the Company in relation to this Program except as expressly stated. All queries relating to the Program should be directed to the Company.
5.5 Participants of the Program consent to the collection, use, and disclosure of their personal data by/to the Company's agents, vendors, and such other third parties for the purpose of the Program. Participants of the Program confirm that they agree to be bound by the terms of the Company's Privacy Policy, a copy of which can be found at https://aspireapp.com/tnc/privacy-policy.
5.6 The Company's decision on all matters relating to the Program shall be final and binding. No correspondence or claims will be entertained.
5.7 The Company shall not be liable for any loss, damage, or injury of any nature, howsoever caused, sustained by any participant of the Program.
5.8 These Terms and Conditions shall be governed by and construed in accordance with the laws of Singapore. Any dispute arising out of or in connection with these Terms and Conditions shall be subject to the exclusive jurisdiction of the courts of Singapore.
5.9 If any provision of these Terms and Conditions is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall be enforced.
5.10 The failure of the Company to enforce any right or provision of these Terms and Conditions will not be deemed a waiver of such right or provision.

 

Schedule: Program benefits

Category

Deal

Open Account + Place Deposit within 90 days

First transfer to account: cash bonus amount


1. SG$30k: SG$300

2. SG$125k: SG$650

3. SG$325k: SG$2000

Card Spend

Unlimited 1.2% cashback on all spending (excluding AI spending)

AI Card Spend

Free first 3 months of AI SaaS usage (capped at SG$900) from account opening

Aspire Yield

No management fee for Aspire Yield for 1st 6 months of Yield

Expense Management

Free (for first 2 admin + 10 employee users)

Employer of Record

30% off EoR for the first 6 months of EoR usage

Aspire Premium

Free first 3 months of Aspire Premium from account opening including:

  • Free fractional CFO service if SG$325k deposit made within the first 90 days
  • Live 24/7 service
  • Savings on international transfers
  • Savings on FX activity

Priority Onboarding

Entitled to priority onboarding of 3-5 working days + Customer Service + Dedicated Startup Specialist

Ecosystem Perks

Up to SG$635k in rewards from our ecosystem partners including:

  • Google Workspace - 50% for the first 6 months
  • Google Cloud - Up to $200k credits ($350k for AI)
  • Xero - 90% first 6 months of new subscrp
  • Hubspot - 30% off first year, 15% off second year
  • Notion - 6 months free Notion Plus

Total Value

~SG$650k