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Photo courtesy of CIMB Singapore.

CIMB Singapore rolls out card for sole proprietors and SME owners

It offers zero FX fees and complimentary airport lounge access.

CIMB Singapore has rolled out the CIMB Founders Card, tailored for sole proprietors and small and medium enterprise (SME) owners.

The CIMB Founders Card offers instant access to cash and up to 114 days of zero interest, the bank said in a press release.

Cardholders are also offered zero FX fees for overseas payments and purchases.

They are also offered complimentary access to over 1,300 airport lounges via Mastercard Travel Pass, and travel insurance coverage of up to S$1m.

Sole proprietors and SMEs make up 99% of Singapore businesses and employ 70% of the workforce, said CIMB, citing data from the Singapore Department of Statistics.

Many of them face financing challenges due to irregular income patterns, limited credit histories, and lack of collateral. This makes it harder for them to access traditional loans, whilst alternative options are costly, according to CIMB.

“For sole proprietors and SME owners, what truly matters is financial flexibility and easy access to capital to support growth. CIMB Singapore is proud to be a partner in their entrepreneurial journey with inclusive and innovative solutions,” said Merlyn Tsai,
Head of Consumer Banking and Digital at CIMB Singapore.

Other benefits include discounted access to co-working spaces, and access to Mastercard’s Easy Savings Specials, which features savings offers from a variety of companies such as Google Workspace, Xero, Salesforce, and DocuSign, amongst others, as of 17 September 2025.

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