Osome helps small and medium-sized businesses automate their back-office duties with an accounting and corporate compliance “super app” that’s been backed by a new round of $3 million in funding.
Businesses have the option of emailing invoices and receipts to Osome so it can extract data and store the invoice, or photograph them and drag and drop into the platform, according to a report in Crunchbase News.
Osome will put the new funding to work over the next year on product development, gaining new customers, targeting new customer segments and working with banks in the jurisdictions where they operate to facilitate integration onto its platform.
“One of the major problems we are seeing is companies receive invoices, and they need to pay them, as well as understand which have been paid or not, to store them and make sure nothing is lost,” Victor Lysenko, founder and CEO of Osome, said in the report. “Neither accountants nor banks can solve this problem, and that is the place where we want to help. We provide small and medium-sized enterprises–SMEs–with a one-stop shop. The main part is accounting and bookkeeping because they need to deal with invoices and receipts and everything, but we also provide things like company incorporation, taxation and payroll. We are a full-fledged back office for entrepreneurs.”
Osome, headquartered in Singapore, also has a presence in the United Kingdom and Hong Kong with plans to be in Australia and New Zealand next year.