Singapore monetary expertise (fintech) startup Glossy has raised $four million in a brand new funding spherical led by SEEDS Capital, the funding arm of Enterprise Singapore and took part by MI8 Restricted, a Hong-Kong multi-family workplace, and investor Pierre Lorinet.
Based in Singapore by Julien Labruyere and Adrien Barthel, Glossy strives to grow to be each entrepreneur’s working system with its wide selection of companies from firm incorporation and on-going compliance administration, to digital accounting and tax submitting in Singapore and Hong Kong.
The cloud-based answer, with an AI-driven buyer platform and automations, makes Glossy 5 instances extra environment friendly in comparison with conventional service suppliers within the business, the startup stated in a press release.
To Glossy, the imaginative and prescient is to develop extremely environment friendly digital merchandise to enhance consumer expertise, whereas permitting the inner group to deal with advising clients, and serving to their corporations to thrive in any enterprise atmosphere.
It at the moment manages a fast-growing portfolio of greater than 3,000 corporations with nearly $10M in cash Annual Recurring Income (ARR), reaching working monetary breakeven a couple of months in the past.
“Sleek’s innovative digitally-enabled solutions are well positioned to disrupt traditional corporate secretarial services, allowing entrepreneurs to spend more time creating value for their companies and customers, and less on administrative back-office tasks”, stated Geoffrey Yeo, General Supervisor of SEEDS Capital.
Regardless of stiff competitors, Glossy’s revolutionary and customer-centric method has earned itself as a number one aggressive participant within the slightly conventional business.
Wanting onward to 2021, Glossy goals to double down on product improvement and development. “It has been extremely humbling to experience the growth we’ve seen at Sleek over the last 3 years, even more so amidst the global pandemic which has been a growth catalyst for fully digital players like us,” Labruyere stated. – BusinessNewsAsia.com