Osome's Financial Journey: Navigating the Path to Profitability

May 20, 2024, 3:31 pm
OSOME
OSOME
Artificial IntelligenceBusinessCorporateInformationManagementOnlinePlatformProviderServiceTime
Employees: 201-500
Founded date: 2017
Total raised: $64M
Osome, a dynamic and innovative online bookkeeping and accounting software provider based in Singapore, recently made waves in the financial world by securing a substantial $17 million in Series B funding. This funding, a mix of equity and debt from both new and existing investors, marks a significant milestone for the company as it charts a course towards profitability.

The driving force behind Osome's success is its visionary leadership team, comprised of Victor Lysenko, Konstantin Lange, and Anton Roslov. Together, they have steered the company towards rapid growth and commercial success, serving over 13,000 small and medium-sized business (SMB) customers and employing a dedicated team of over 400 staff across multiple countries, including Singapore, Hong Kong, the UK, the Netherlands, the Philippines, and Malaysia.

Osome's core mission is to automate all administrative tasks, allowing businesses to focus on what truly matters - growth and expansion. Specializing in E-commerce businesses, Osome has become a trusted partner for entrepreneurs looking to streamline their financial operations and drive efficiency in their day-to-day business activities.

With the recent influx of funding, Osome is poised to accelerate its growth trajectory and further enhance its product offerings. The company's strategic focus on automation and artificial intelligence (AI) components will enable it to serve its expanding customer base more effectively and efficiently. Additionally, investments in marketing and customer service will help Osome strengthen its market presence and accelerate its go-to-market efforts.

Victor Lysenko, CEO and Co-founder of Osome, recognizes the current economic landscape as a catalyst for entrepreneurship, with more individuals turning to starting their own businesses amidst challenging times. He believes that Osome's innovative solutions and unwavering support for entrepreneurs will play a crucial role in helping them realize their dreams of business ownership.

Konstantin Lange, COO and Co-founder of Osome, reflects on the challenges and growth pains of the past year, emphasizing the company's commitment to delivering positive experiences to its clients. With a renewed focus on profitability and sustainability, Osome is well-positioned to continue its upward trajectory and provide high-quality services to its clients.

Anton Roslov, the Chief Technology Officer and Founder of Osome, envisions a future where artificial intelligence enhances the customer experience and accelerates automation within the company's services. This aligns with Osome's overarching goal of becoming the leading financial operating system for entrepreneurs worldwide.

As Osome embarks on its next phase of growth and profitability, Joerg Ruetschi, the change and growth specialist who joins the company as President & Chief Transformation Officer, is committed to leading the agenda and roadmap to profitability. With a strong foundation and a clear vision for the future, Osome is set to redefine the standards of financial technology services for SMBs across the globe.

In conclusion, Osome's recent funding milestone signifies a significant step forward in its journey towards profitability and operational excellence. With a focus on innovation, customer service, and automation, Osome is well-positioned to revolutionize how small and medium-sized businesses handle their financial operations. As the company continues to expand its reach and offerings, it remains dedicated to making business operations effortless for entrepreneurs worldwide.