SimpleAI Raises $15M in Funding

SimpleAI, a Singapore-based accounting automation startup, has raised $5 million in seed funding along with a $10 million debt facility to drive acquisition-led growth throughout the Asia Pacific region.

Investors

SimpleAI has secured funding from a lead investor that remains undisclosed, alongside other strategic investors who participated in the financing round.

SimpleAI Use of Funds

SimpleAI intends to utilize the $15 million in total funding to pursue an acquisition-led growth strategy. The company is actively targeting accounting and fund administration firms with annual revenues between $500,000 and $5 million, with a focus on markets in Singapore and Australia, and potential expansions into Hong Kong and Mauritius. Acquired firms will continue to operate under a partner-and-operator model while integrating SimpleAI technology into their existing workflows.

About SimpleAI

Founded in 2023 by Roger Tan, Shim Youngjun, and Bryan Sng, SimpleAI is a software company that provides an AI-powered accounting platform designed to automate complex financial workflows for accounting teams and fund administrators. The platform streamlines repetitive tasks such as invoice processing, receipt and bank statement extraction, bookkeeping, transaction reconciliation, and document management, helping organizations improve efficiency and reduce manual effort.

Funding Details

Company Website: https://simpleaiworks.com/

Company: SimpleAI
Raised: $15M
Round: Seed
Funding Date: July 13, 2026
Software Category: FinTech
Source: https://www.dealstreetasia.com/stories/singapores-simpleai-raises-15m-funding-for-acquisition-led-growth-488886