FinTech Expansion Across Asia
A leading European FinTech enterprise specializing in digital banking and cross-border payment solutions was ready to expand into key Asian markets — including Singapore, Malaysia, and Indonesia.
The company’s vision was to launch a regional hub capable of supporting rapid customer onboarding, multi-currency payroll, and localized compliance while retaining its agility and brand trust.
Business Challenge
The client faced multiple challenges that slowed down expansion:
The company needed a partner that could accelerate market entry while ensuring full compliance and scalability.
Complex Local Regulations
Each target market had unique employment, taxation, and licensing laws requiring country-specific adaptation.
Manual Payroll Inefficiencies
Managing payroll for distributed finance teams across borders was error-prone and lacked visibility.
Lengthy Onboarding Process
Local compliance checks and documentation requirements increased onboarding time to nearly 30 days per hire.
Lack of Local Presence
Without in-country entities, hiring and managing employees compliantly was impossible under regional laws.
Unidor’s Approach
Unidor deployed a comprehensive multi-country expansion solution designed to simplify workforce setup and ensure legal compliance across Asia.
The engagement covered four critical areas:
Employer of Record (EOR) Implementation
Unidor enabled compliant hiring across Singapore, Malaysia, and Indonesia through its local EOR network, eliminating the need for immediate entity setup.
Regulatory & Risk Advisory
Unidor’s compliance experts aligned all workforce documentation, payroll, and benefits frameworks with regional FinTech licensing laws and anti-money-laundering (AML) obligations.
Automated Payroll Integration
A unified global payroll system was integrated with the client’s HR platform, enabling real-time tracking, error reduction, and multi-currency salary processing.
Expansion & Mobility Support
Visa processing and regional mobility services were provided for key leadership hires relocating from Europe to Asia.
Implementation Timeline
Duration: 2 Weeks
Key Milestones: Market entry audit, EOR readiness, compliance mapping.
Duration: 3 Weeks
Key Milestones: Cross-country payroll system deployed.
Duration: 4 Weeks
Key Milestones: 45 new employees hired and onboarded.
Duration: 2 Weeks
Key Milestones: Local operations live in 3 market.
Total Time to Launch in under 12 Weeks!
Results & Impact
Reduced average onboarding time from 30 days to 16 days through automation and EOR readiness.
45% Faster Onboarding
Achieved complete legal alignment with local employment and financial regulations.
Full Compliance in 3 Markets
Standardized payroll and reporting for 3 regional offices under a single dashboard.
100% Payroll Accuracy
Reduced overhead by 28% by eliminating the need for early entity setup and external legal intermediaries.
Cost Efficiency
Enabled successful relocation of 6 senior leaders with full visa and tax compliance.
Leadership Mobility
Partnering with Unidor transformed our Asia expansion. Their compliance precision and EOR capabilities gave us the speed and confidence to enter new markets while staying fully audit-ready. We now operate across three countries with consistent governance and zero compliance breaches.
Regional HR Director, FinTech Client
Value Delivered by Unidor
16 Days
Average Onboarding Time after Unidor
Before Unidor: 30 Days~
0%
Payroll Error Rate after Unidor
Before Unidor: 12%~
72% Savings
Legal Setup Costs after Unidor
Before Unidor: 100%
3
Countries Live after Unidor
Before Unidor: 0
0
Compliance Breaches after Unidor
Before Unidor: 2 in prior year.