Simplify Your Business Finances With Grof

No, Grof is not a bank. However, we collaborate with a Monetary Authority of Singapore (MAS)-regulated provider to design a one-app platform that enables you, as a business owner, to access a digital business account, make payments, and invoice customers all in one place.

Most definitely. Your funds will be held in MAS-regulated banks in Singapore, and neither Grof nor our payment service provider will have access to your funds.

As of now, Grof's business account supports the dominant SGD, USD and EUR currencies, widely used by businesses. If you would like us to consider adding other currencies, feel free to let us know!

Absolutely! Grof's business account essentially functions as your business account, enabling you to receive money from your customers and investors. It also facilitates payment of salaries to your staff, rental payments to your landlord, and other business-related transactions.

You may sign up for an account at our Grof Sign Up Page. Subsequently, you will need to complete a short application form. All applications are subject to approval.

The typical account opening process could just be as fast as 2 working days, subject to approval.

In contrast to traditional banks, which will typically take approximately 4-8 weeks.

Basic organisation details

1. Business name
2. Unique Entity Number (UEN)

Organisation detailed information

1. Annual turnover
2. Number of Full-Time Equivalent (FTE)
3. Business activities
4. Countries with business activities
5. Registered address

Other business documents

1. Bizfile
2. NRIC for Singaporean locals; Passport and Power of Attorney (POA) for foreigners
3. Selfie with your ID