Statrys Company

Statrys Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Statrys Company was founded in 2019 with the objective of providing innovative financial solutions tailored to the needs of small and medium-sized enterprises (SMEs) and entrepreneurs in Asia. The founder, Bertrand the Aud, recognized the challenges faced by businesses in accessing banking services and sought to create a platform that simplifies financial management.

Parent Company/Ownership Structure

Statrys operates as an independent fintech entity, Statrys Limited. It focuses on delivering payment solutions and financial management services without being part of a larger banking conglomerate, allowing it to maintain flexibility and agility in its operations.

Headquarters Location

The company is headquartered in Hong Kong, specifically at 18/F, 23 Thomson Road, Wan Chai, Hong Kong SAR. This strategic location positions Statrys at the heart of one of Asia's leading financial hubs.

Global Business Scope

Statrys primarily serves businesses incorporated in Hong Kong, Singapore, and the British Virgin Islands, although it has provisions for exceptions. The company aims to facilitate international transactions, providing services to clients across over 70 countries.

Main Regulatory Bodies

Statrys operates without specific regulatory oversight, which has raised some concerns regarding consumer protection. The company emphasizes its commitment to security through partnerships with established financial institutions, such as DBS Bank, which is registered with the Hong Kong Deposit Protection Board.

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2. Company History and Development

Key Milestones

Since its inception in 2019, Statrys has achieved several key milestones, including:

• Launching a multi-currency business account in Hong Kong.
• Introducing a mobile application for account management.
• Reaching $2 billion in transaction volume by 2022.

Business Expansion Journey

Statrys has steadily expanded its service offerings, including the introduction of local payment solutions in 2023 that support 12 currencies. The company has also launched a company registration service in Hong Kong and Singapore, further enhancing its value proposition for entrepreneurs.

Customer Base Growth

As of 2023, Statrys proudly serves over 3,500 companies, demonstrating significant growth in its customer base. The company has positioned itself as a trusted partner for businesses seeking efficient payment solutions.

Platform Development History

Statrys has invested in developing its online platform, which includes a management portal and a mobile app. These tools provide users with seamless access to their accounts, enabling efficient transaction management and financial oversight.

Important Awards or Recognitions Received

Statrys has received accolades such as "Best Payments and Collections Solution Hong Kong 2022" and "SME Payment Solutions of the Year - Hong Kong." These awards highlight the company's commitment to excellence in financial services.

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3. Trading Services Offered

Forex Trading Options

Statrys offers a robust forex trading platform that supports trading in 11 major currencies, including HKD, USD, EUR, GBP, and AUD. The company provides real-time exchange rates and the ability to execute spot and forward orders, catering to businesses looking to hedge against currency fluctuations.

Stock Trading Options

Currently, Statrys does not offer direct stock trading services. Its primary focus remains on forex and payment solutions tailored for businesses.

CFD Trading Products

While Statrys does not specifically mention offering Contracts for Difference (CFDs), its forex services may include similar trading mechanisms that allow businesses to engage in speculative trading on currency movements.

Other Financial Instruments

Statrys focuses on providing services related to foreign exchange and payment solutions. As of the latest information, it does not offer products related to cryptocurrencies or commodities.

Special Services or Unique Advantages

One of the unique advantages of Statrys is its integration with popular accounting software, Xero, which streamlines financial management for businesses. Additionally, its low foreign exchange fees, starting from 0.1%, make it a competitive option for companies engaging in international transactions.

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4. Regulatory and Legal Background

Detailed Regulatory Information

Statrys operates without specific regulatory oversight, which has been a point of concern for potential clients. The absence of regulation means there is no primary regulatory body overseeing its operations. The company emphasizes its commitment to security through partnerships with reputable financial institutions.

Legal Entity Structure by Region

Statrys Limited is the legal entity operating in Hong Kong. Its services are primarily directed toward businesses incorporated in Hong Kong, Singapore, and the British Virgin Islands.

Client Fund Protection Measures

While Statrys does not have specific regulatory oversight, it collaborates with DBS Bank, which is registered with the Hong Kong Deposit Protection Board. This partnership provides clients with a level of assurance regarding the safety of their deposits, up to certain limits.

Countries/Regions Served

Statrys primarily serves businesses in Hong Kong, Singapore, and the British Virgin Islands, with the ability to cater to clients in over 70 countries globally.

Compliance History

Statrys maintains a focus on compliance with industry standards and best practices, although its lack of formal regulation raises questions about consumer protection and adherence to industry norms.

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5. Competitive Landscape

3-5 Main Competitors

Statrys competes with several fintech companies and traditional banks in the region, including:

• TransferWise (now Wise) - Known for its low-cost international transfers.
• Revolut - Offers a wide range of financial services, including currency exchange and crypto trading.
• Payoneer - Focuses on cross-border payments and global commerce solutions.
• Neat - Provides business accounts and payment solutions for SMEs.

Positioning in the Industry

Statrys positions itself as a specialist in providing financial solutions for SMEs, particularly focusing on simplifying cross-border transactions. Its emphasis on user-friendly technology and customer support differentiates it from traditional banking options.

Market Differentiation Factors

Statrys differentiates itself through its competitive foreign exchange fees, integration with accounting software, and a strong focus on customer service. Additionally, its streamlined online application process and quick account setup appeal to businesses seeking efficient financial solutions.

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In conclusion, Statrys Company has established itself as a notable player in the fintech sector, particularly for SMEs in Asia. With a commitment to providing innovative financial solutions, the company continues to grow and adapt to the needs of its clients, positioning itself for future success in an increasingly competitive landscape.

For more information on Statrys and its offerings, learn more.