Several new tech startups across the Asia-Pacific are exploring regional expansion with their early-stage funding proceeds. Singapore-based fintech-as-a-service startup Osome has raised $3 million to expand to the UK and Hong Kong while Hong Kong-based influencer marketing platform Cloudbreakr is expanding to Southeast Asia.
Osome lands $3m funding, eyes UK & Hong Kong markets
Singapore-based business services startup Osome has snagged a new $3-million financing led by Europe’s 700-million-euro investor Target Global, to expand to the UK and Hong Kong.
The investment was joined by Phystech Ventures and AdFirst, according to a statement.
Founded in early 2018, Osome had raised $2 million also led by Target Global last December to test its services to Australia and Hong Kong.
The company uses AI to provide automated services to businesses, including incorporation, accounting, taxation and secretary. Osome said it has attracted over 2,300 customers on its platform.
“With the support of thousands of enthusiastic SME clients in Singapore, we decided to launch in Hong Kong and the UK. Now we know that we are solving a real problem for the customers, wherever they are located,” said Victor Lysenko, founder and CEO of Osome.
An investor since the pre-seed stage, Olga Shikhantsova, associate at Target Global, said new markets outside of Singapore will bring additional growth to Osome.
Cloudbreakr raises over $1.3m from Hong Kong X Technology Fund, others
Hong Kong-based influencer platform Cloudbreakr has bagged over HK$10 million in a pre-Series A funding round led by Hong Kong X Technology Fund.
Other investors participating in the round include Alibaba Entrepreneurs Fund, Beyond Ventures and Thailand’s billionaire family Mahagitsiri.
Cloudbreakr is one of the seven startups selected into the Hong Kong AI lab programme led by Alibaba, SenseTime and Hong Kong Science and Technology Park.
Earlier this year, Catalyst Ventures also announced an investment in the startup.
Cloudbreakr will use the latest funding to enhance its big data processing capabilities and content analysis, as well as develop a series of influencer marketing tools. The company will also strengthen its footprint in Southeast Asia, including expansion to Thailand, Malaysia, Singapore and Indonesia.
Cloudbreakr has served over 200 international brands and businesses by connecting them to more than 10,000 marketers across Asia Pacific, according to the company’s website.