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FT Partners Advises Osome on its $17,000,000 Series B Financing

Overview of Transaction

  • On May 17, 2024, Osome announced it raised a $17 million Series B financing round from new and existing investors
  • Osome is a leading finance administration platform that helps founders and small and medium businesses (SMBs) streamline accounting, financial compliance, and other administrative business tasks through automation
  • The Company, which serves over 13,000 SMB customers and employs over 400 staff across Singapore, Hong Kong SAR, the UK, the Netherlands, the Philippines, and Malaysia, has seen significant commercial growth, having helped over 2,500 new businesses launch in 2023
  • The surge of new customers that Osome experienced in 2023 underscores the market’s increasing recognition of the Company’s innovative solutions, and sets a clear path to sustainable growth and profitability in 2024

Significance of Transaction

  • The mix of equity and debt financing from both existing and new investors, will be deployed to continue product innovation, particularly in automation and artificial intelligence (AI), as well as marketing, customer service, and go-to-market efforts

FT Partners' Role

  • FT Partners served as the exclusive financial and strategic advisor to Osome
  • This transaction highlights FT Partners’ deep domain expertise within the Financial Management Solutions sector, as well as its successful track record generating highly favorable outcomes for high-growth FinTech companies globally