Osome, a fintech platform for businesses, has reported a 25% year-over-year increase in revenue, alongside a 60% improvement in annualised EBITDA, demonstrating increased profitability.

The company credits its growth to improved spending efficiency, streamlined processes, and enhanced customer service, reflected inthe tripling  of its Net Promoter Score.

Osome has also improved its bottom line by reducing customer acquisition costs by 35%.

To support its growth trajectory, Osome has appointed William Chong as CFO.

Chong, who previously served as Financial Director at Glints, will lead Osome’s financial strategy and identify new growth opportunities.

In 2024, Osome focused on simplifying business setup and enhancing its mobile app.

These efforts included streamlining the incorporation process and improving the app’s user interface and functionality.

Looking ahead to 2025, Osome plans to launch a new feature that simplifies bank account opening for new businesses in collaboration with partners like Aspire.

The company will also deepen its collaborations with existing partners such as Airwallex to drive product innovation and brand marketing, including joint marketing campaigns and leveraging influencer partnerships and affiliate networks.

Osome plans to expand its team across Asia in engineering, sales, product, partnerships, and research and development.

The company will also strengthen its presence in Singapore and Hong Kong by offering tailored solutions for startups, SMEs, and consultancies, including increased support for Chinese-speaking entrepreneurs.

To date, Osome has supported over 30,000 companies and processed more than 1 million bookkeeping transactions with over US$5.6 billion in value.

In May 2024, the company announced it had raised US$17 million in a Series B extension.

“Osome is poised for significant growth in 2025. We’ve made meaningful strides in simplifying company incorporation and accounting, focusing on product innovation, operational efficiency, and improving the customer experience. While we’ve faced challenges, we are committed to evolving and improving, and delivering value to our customers.

The numbers show we’re on the right path. In 2025, we will invest further in R&D, strengthen our presence in Singapore and Hong Kong, and drive long-term value through marketing and strategic partnerships,”

said Victor Lysenko, CEO and Founder of Osome.

Featured image credit: Edited from Freepik

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