Online business management solutions have been gaining in popularity in recent years even before COVID started driving more businesses to go digital.
 
Osome is a newly admitted Cyberport incubatee that specialises in such solutions for SMEs. Founded in Singapore in 2017, the company has been offering services such as business registration, accounting, corporate secretarial services, tax, and payroll management to more than 3,500 SMEs in Singapore, Hong Kong, and the UK.
 
Osome’s web platform and mobile app are packed with automation tools and machine learning capabilities. In 2019, the start-up launched the first-ever fully automated single-day incorporation and bank account opening service in Singapore with OCBC Bank earning widespread acclaim. Its chatbot – backed by human agents – allows users to seek immediate service at any time of day.
 
In addition, Osome offers a range of value-added O2O services to make the lives of entrepreneurs and SMEs even easier. These include such essential but time-consuming tasks of getting a general employment visa, bank account opening assistance, a seal and chop package, and business registration certificate. Osome is also the exclusive partner of 500 Global Launch, a programme of 500 Startups that brings global companies to Singapore.
 
Bagging US$3M funding in 2019 led by Target Global, with participation from Phystech Ventures and AdFirst, the company now seeks to replicate its Singapore business model and scale its success in Hong Kong. Since coming to Hong Kong, it has already participated in the  Elevator Pitch 2019 and won the “Best FinTech” prize. It has already entered into several partnerships with large players in Hong Kong, including Neat, a modern alternative to the traditional banking experience.