Caledonian Holdings (LSE:CHP) said its subsidiary Aspire has commercially launched an enhanced multi-currency business current account integrated with a Mastercard World Business Debit Card under the Muloot Money brand.
The platform is aimed at small and medium-sized businesses engaged in domestic and international trade and combines business accounts, payments, foreign exchange and access to working-capital facilities within a digital platform.
The commercial launch was funded in part by proceeds from Caledonian’s recent £612,000 fundraising. Following the rollout, Aspire plans to focus on customer acquisition, increasing transaction volumes and generating recurring revenue from trade finance facilities of up to £5 million.
Aspire intends to distribute its services through both direct customer acquisition and white-label partnerships. The company said this approach is designed to support expansion without proportionate increases in customer acquisition costs.
The Muloot Money offering combines day-to-day business account services with access to short-term trade finance. Caledonian said the commercial rollout forms part of its strategy to develop recurring revenue from financial services and trade finance activities.
More about Caledonian Holdings PLC
Caledonian Holdings PLC is an AIM-listed company focused on developing an integrated financial services business. Its wholly owned subsidiary, Aspire Commerce Group Limited, operates Muloot Money, a multi-currency financial services platform for SMEs.
Aspire provides business accounts, payments, foreign exchange and trade finance through its fintech infrastructure and UK-based relationship support.
Muloot Money is operated by Aspire Payments Limited, which is registered with the UK Financial Conduct Authority as a Small Electronic Money Institution authorised to issue electronic money and provide payment services.
The platform’s Mastercard World Business Debit Card is issued by Transact Payments Limited under licence from Mastercard International.
Caledonian acquired Aspire in June 2026 as part of its strategy to develop an operating financial services business.
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