Sleek Expands Series A Funding Round to $ 25 Million
Sleek, a platform providing incorporation and accounting services for SMEs and entrepreneurs, has announced that it has extended its Series A funding round to US $ 25 million, with the participation of the investor global EDBI based in Singapore and existing investors, in a mix of equity and debt.
In November, Sleek announced that it had raised US $ 14 million in the first close led by White Star Capital and Jungle Ventures.
Sleek said he would use the new funds to boost technology and product development, hire new talent, expand its presence in existing markets and enter new markets.
The company is licensed by the Accounting and Business Regulatory Authority (ACRA) of Singapore and the Monetary Authority of Singapore (MAS) under the Payments Act.
Sleek started operating in 2017 offering business registration services and then expanded its offering to provide accounting, tax and payroll services to its clients.
More recently, Sleek has started offering free business accounts to all of its clients.
SGD deposit accounts are able to collect and process payments, while handling accounting in an automated manner.
Additionally, Sleek will add payment cards to the service offering this month, making it easy for business owners to pay vendors, or even issue cards for all of their employees to make expense management easier. .
Adrien Barthel, Chief Growth Officer and co-founder of Sleek said:
“From day one, our mission has been to make it quick and easy for anyone to start a business.
With the latest addition of corporate account functionality, now more than ever, we are empowering ideas to become great businesses, without the friction and inefficiency that paper and offline processes bring. ‘
Julien Labruyere, CEO and co-founder of Sleek share,
“We are very happy and touched to welcome EDB Investments to our adventure.
As a Singapore-based company with a strong focus on building digital infrastructure for businesses to settle and grow, we are grateful for this unique recognition of our added value to the local ecosystem, and we look forward to working together in Singapore and beyond. . “