Asia Digest: Osome, Cloudbreakr raise funds for market expansion

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.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.