Paper-free Compliance Helps Tinvio Focus on Growing
Find out how Tinvio’s decision to digitise corporate management and accounting processes since founding enables it to focus on fundraisingTry Osome
of a founder’s time saved on repetitive tasks
paper documents generated
B2B Transactions Platform
Founded in 2019 by Ajay Gopal, Tinvio helps supply chain merchants in the food & beverage (F&B), retail, and healthcare supply industries communicate, manage orders, and make payments to their suppliers in one place. Today, Tinvio is also preparing to launch financial services for merchants and suppliers, such as lending and invoice financing. It has raised a $12 million Series A round in July 2021 to continue building its B2B transactions platform.
In 2019, Tinvio was looking for a corporate secretary and accountant to focus on growing their business while upholding corporate diligence.
However, that was not the only thing that Tinvio needed help with. As a young startup looking to work with investors to grow the company, they needed a trusted company secretary who would ensure that documents for investors were signed and submitted to IRAS on time to be compliant with local authorities.
With the ease of the in-app chat and cloud storage, Ajay did not have to deal with the mess of paper documents or overspend on courier services. He and Tinvio’s investors, which included an international public company, were able to sign off on documents from anywhere they were at. They were able to meet all of the needs for a venture-backed corporate structure.
Tinvio chose Osome as the services they needed were listed on the website clearly. They knew what to expect. With Osome, Tinvio was able to let the experts take care of accounting tasks while the Tinvio team focused on setting up meetings and pitching to investors.
«We started out with Osome immediately. We were soon introduced to our appointed corporate secretaries and accountants without the need to meet physically or have phone calls. The set-up was convenient.»Ajay Gopal Founder & CEO
«Internally, our corporate management processes are digital and very well managed. As a startup founder, this has been useful because I don’t have to sign and mail any physical documents. I can do it wherever I am. Even for our accounting processes, it is very hands-off, we leave it to Osome to lead everything, and we are integrated with Xero and OCBC, so reconciliations are smooth.» said Ajay.
Two years since set-up, Osome continues to support Tinvio for various fundraising rounds as Tinvio continues to grow.
Our expert company secretaries with over ten years of experience can help your company with the following:
- Help your company stay compliant with ACRA and IRAS.
- Identify the need for specific actions, inform the directors or shareholders as necessary, and process these changes according to the Singapore legal framework.
- File the Annual Returns and Company Accounts with Accounting and Corporate Regulatory Authority (ACRA).
- Put an end to the paper trails by storing documents neatly and securely on the Osome app.
- Maintain Registers that need to be updated according to the changes in the company.