Osome, a Singapore-based fintech company that provides a financial admin super platform, raised $25 million in Series B funding from Asian, European, and US investors, including Illuminate Financial, AFG Partners, Winter Capital, and others, bringing its total raised to $51 million.
The company plans to expand its London team in 2023 as the UK looks to side hustles and micro-businesses to drive economic growth and also intends to expand its Asian operations to Singapore and Hong Kong.
Victor Lysenko, founder & CEO of Osome, said. "Osome is the go-to platform for businesses from start-up to scale up. Our Series B raise is validation of this, putting us on course to help 1 million small businesses grow." "My promise to small businesses is: ditch your complex tech stack and accountant, and come to Osome. Our super platform frees you up to focus on growing your business - from hassle free set up to your first tax filing. Stop using complicated software built for accountants - the era of Xero is over."
The company's $25 million Series B announcement comes as Singaporean banking giant OCBC launches a new "seamless digital banking" partnership with Osome to give businesses a one-stop shop for their financial needs.
Osome helps small businesses set up through a single simple platform with easy-to-use software and an expert accountant to take care of financial admin.
Company: Osome Pte. Ltd.
Raised: $25.0M
Round: Series B
Funding Month: December 2022
Lead Investors:
Additional Investors: Illuminate Financial, AFG Partners, Winter Capital
Company Website: https://osome.com/sg/
Software Category: Financial Software
About the Company: Founded in 2017 by banking mastermind Victor Lysenko, Osome is a single platform automating small business financial admin, paired with an expert accountant for growth advice. Osome Accounting is Osome's automated accounting platform. It provides tax and financial reports, expenses and invoice management, and live chat to human accountants. Osome now integrates with e-commerce platforms (Amazon, eBay, Shopify, Lazada, Esty, Shopee, and others). It serves more than 11,000 businesses across Singapore, Hong Kong, and the UK, with Headquarters in Singapore. Osome has offices in Singapore (HQ), London, Hong Kong, and Kuala Lumpur.
Source: Alexandra Skarsgard, MA Family- Senior PR Manager