Osome, a financial management platform for small and medium-sized enterprises (SMEs), announced the completion of its Series B funding round, raising over $17 million in combined equity and debt. This funding was provided by both new and existing investors.
With this new funding, Osome aims to enhance its product offering with a focus on automation and artificial intelligence (AI) to better serve its growing customer base.
This investment will also support marketing, customer service and accelerate our go-to-market strategy.
Osome provides solutions that streamline accounting, financial compliance, and other automatable business tasks.
The company currently serves more than 13,000 SME customers and employs more than 400 staff in Singapore, Hong Kong SAR, the United Kingdom, the Netherlands, the Philippines and Malaysia.
Osamu claims to have helped more than 2,500 new companies enter the market in 2023 alone.
Osome reported increasing revenue in 2023 while reducing burn rate, with a clear path to profitability.
Victor Lysenko
Victor Lysenko, CEO and co-founder of Osome, said:
“Osome was founded to support and champion the needs of entrepreneurs and turn their ideas into reality. Asia is experiencing a funding winter, with companies implementing mass layoffs and the employment environment It’s much tougher.
This means that record numbers of individuals are turning to entrepreneurship. Osome truly believes that the current recession has inspired more founders and entrepreneurs to realize their dreams of running their own businesses, and that’s what we’re here for. ”
Anton Roslov
Anton Roslov, Chief Technology Officer and Founder, said:
“Artificial intelligence improves the customer experience and accelerates the automation and integration of Osome’s services, in line with Osome’s vision to become the leading financial operating system for entrepreneurs.
Osome’s next phase of growth will focus on profitability and operational excellence while continuing to provide high quality service and innovation to our customers. ”
Featured image credit: Edited from freepic
