OSOME raises $2 million to help SMEs with accounting, corporate secretary company registration

RAFFLES PLACE, Singapore - Dec. 31, 2018 - PRLog -- Osome, the Singapore based AI-powered service for efficient business management, today announced that it has raised $2 million in funding led by Target Global. Other investors included Phystech Venture, AD.RU funds, and several angel investors. Osome will use the funding to develop new products and expand their reach into new markets.

Osome was launched in January 2018 to facilitate business management crucial to small and medium-sized enterprises (SMEs). Its suite of services includes within the hour Singapore company incorporation, company record keeping, accounting, filing of annual returns, corporate secretary services, and payroll management.

"As an entrepreneur, I know that when you launch your business, you want to focus on the most important things – your clients, your team, your product – and turn the routine over to someone reliable and, preferably, invisible," said Victor Lysenko, founder of Osome, who also previously co-founded Rocketbank and Darberry (acquired by Groupon). The company skips the middleman by leveraging on AI technology, bringing these services directly to its clients. "By delegating these routine tasks to robots, we are able to ensure greater quality of work, and in most cases, this turns out to be even more cost effective for our customers," added Victor Lysenko.

The company's new capital will be used for product development and expansion to new markets. Osome currently registers over one percent of all new Singaporean companies in a domestic market that amounts to S$2 billion.