Osome, a prominent finance administration platform, has successfully secured US$17 million in Series B funding to further enhance its services and expedite the journey towards profitability. The funding, a combination of equity and debt from both new and existing investors, will be instrumental in strengthening the company’s financial position.
As a leading provider of financial solutions for founders and small to medium-sized businesses (SMBs), Osome has experienced significant growth, catering to over 13,000 SMB customers across multiple regions, including Singapore, Hong Kong SAR, the UK, the Netherlands, the Philippines, and Malaysia. In 2023 alone, the platform assisted more than 2,500 new businesses in their market entry.
Osome’s strategic approach to increasing revenues while reducing operational costs has positioned the company on a clear path towards profitability. The recent influx of new customers underscores the industry’s growing recognition of Osome’s innovative offerings, particularly in streamlining accounting processes, ensuring financial compliance, and automating repetitive business tasks.
With the newly secured funding, Osome aims to intensify its commitment to developing cutting-edge solutions that address the fundamental financial challenges faced by modern businesses. By focusing on product enhancements and leveraging automation and artificial intelligence (AI) technologies, the company seeks to serve its expanding client base more effectively.
Victor Lysenko, CEO and Co-founder of Osome, emphasized the platform’s role in supporting entrepreneurs during challenging economic times, noting a surge in entrepreneurship amidst job market uncertainties. He underscored Osome’s dedication to empowering individuals to pursue their business aspirations, especially amidst the current economic landscape marked by layoffs and limited opportunities.
Konstantin Lange, COO and Co-founder of Osome, highlighted the company’s growth trajectory in 2023, emphasizing the importance of aligning organizational strategies to deliver exceptional client experiences. He expressed gratitude towards customers, team members, and investors for their continued support, which has been instrumental in Osome’s evolution towards sustainability and profitability.
Anton Roslov, the Chief Technology Officer, stressed the pivotal role of artificial intelligence in enhancing customer experiences and driving operational efficiency. Osome’s strategic focus on profitability, operational excellence, and innovation underscores its commitment to delivering high-quality services and pioneering financial technology solutions for SMBs worldwide.
As Osome embarks on its next phase of growth, Joerg Ruetschi, the newly appointed President & Chief Transformation Officer, will lead the company in redefining financial technology services for SMBs on a global scale. With a steadfast commitment to making business operations seamless for entrepreneurs, Osome is poised to set new industry standards and empower businesses to thrive in the digital era.
