1. Osome Blog Singapore
  2. $3 Million Raised To Expand Osome in the UK and Hong Kong

$3 Million Raised To Expand Osome in the UK and Hong Kong

Author Nataliya DzharianiNataliya Dzhariani

2 min read
That’s Osome

Osome announced a $3 million financing led by Target Global. The new investment will help expand its technology platform to the UK and Hong Kong, and already started testing these markets.

$3 Million Raised To Expand Osome in the UK and Hong Kong

Osome raises $3m in funding to scale operations in the UK and Hong Kong

Osome, a Singapore-based Fintech-as-a-service for entrepreneurs, has announced today a $3 million financing led by Target Global, with participation from Phystech Venture and AdFirst. The new round follows a $2 million investment secured last December.

Osome aims at digitizing the traditional corporate management industry. It is a cloud-based paperless service that helps entrepreneurs to manage their corporate paperwork and reporting. Osome assists in accounting, taxation, company formation and filing reports via a unique online platform. The AI-powered technology backed by human experts is capable of answering clients’ requests around the clock and within 15 minutes, even late at night and on the weekends. The platform is available on desktop or mobile devices, sparing the need to call or visit the office.

With the support of thousands of enthusiastic SME clients in Singapore, we decided to launch in Hong Kong and the UK. Now we know that we are solving a real problem for the customers, wherever they are located. We are also very grateful that our investors and partnersrecognize Osome’s potential and support our growth.

Victor Lysenko
Victor Lysenko Osome founder & CEO

The convenient service launched in early 2018 has already attracted over 2,300 customers. With the new investment, Osome will expand its technology platform to the UK and Hong Kong and already started testing these new markets.

Osome deals with the biggest pain of entrepreneurs and business owners such as paperwork, bookkeeping and tax issues that can now be transferred to the company’s virtual assistant. We’ve been investors since pre-seed stage and have witnessed outstanding growth in Singapore. As the problem is significant and truly international, we expect the new markets to bring additional growth.

Olga Shikhantsova
Olga Shikhantsova Associate at Target Global, focused on FinTech investments

Osome directly attacks the major administrative hurdles faced by micro to small to medium-sized enterprises providing fast, efficient and mainly automated service to help South East Asian entrepreneurs focus on what they do the best — scaling their businesses and increasing their impact. The company’s exponential growth in Singapore both in terms of revenue and customer base validates the business model and represents a solid ground for further growth both inside and outside of the region.

Olga Maslikhova
Olga Maslikhova Partner at Phystech Ventures
Share this post:
Subscribe

Tips to run your business smarter. Delivered to you monthly.

By clicking, you agree to our Terms & Conditions , Privacy and Data Protection Policy

Related Articles

  • The Benefits of an All-in-One Accounting Dashboard for Business Owners
    Money Talk

    The Benefits of an All-in-One Accounting Dashboard for Business Owners

    Never lose sight of how your business is performing with Osome’s all-in-one accounting dashboard. From profits and losses to checking your bank balance, we make it easy for you to keep tabs on your business’s financial health.

    ·3 min read
  • Plan Your Payments With Osome Purchases
    Money Talk

    Plan Your Payments With Osome Purchases

    With Osome you can view your purchases from anywhere, anytime, and see them organised by payment status. Thanks to time-saving automation, your bills are uploaded and managed into one central hub, so you’ll always be on top of what you owe, balance your books, and keep the tax people happy.

    ·2 min read
  • Declare Your Personal Expenses and Get Returns With Osome
    Money Talk

    Declare Your Personal Expenses and Get Returns With Osome

    Osome makes it easy to organise your expenses and stay compliant when you declare your personal spending. Upload receipts, select which category they fit into, and watch the deductions roll in.

    ·2 min read
  • Effortless Invoicing With Osome Invoices
    That’s Osome

    Effortless Invoicing With Osome Invoices

    Every facet of the invoice process (sending, chasing, getting paid) is now easier than ever with Osome Invoices. And this improvement to your experience will cost you nothing. It’s free. Getting paid faster, with less admin and an unchanged fee? Now that’s Osome.

    ·3 min read
  • Clickshare Media Ventures Scales Up E-commerce Operations With Osome as Accounting Partner
    That’s Osome

    Clickshare Media Ventures Scales Up E-commerce Operations With Osome as Accounting Partner

    Clickshare Media Ventures (CSMV) is one of the fastest-growing e-commerce companies in Southeast Asia. In just 3 years, CSMV has built itself to be an 8-figure business with more than 10 direct-to-consumer e-commerce brands in the baby, beauty, and personal care industries.

    ·3 min read

Tips to run your business smarter. Delivered to you monthly.

We’re using cookies! What does it mean?