The 2017 startup claims that it would bolster its balance sheet with the money, "with a key objective to accelerate the path to profitability."

In Singapore, Hong Kong, and the UK, Osome offers small and medium-sized companies (SMBs) accounting, incorporation, and compliance services. In 2023, it assisted "over 2,500" new SMBs enter the market, according to the start-up. At the same time, it saw a rise in revenue and a decline in burn rate, which together provided "a clearer path to sustainable growth and profitability in 2024."

A portion of the money will be used by the company to expand the range of products it offers, with an emphasis on "the acceleration of automation and artificial intelligence (AI) components."

Osome's SMB-focused financial operating system will "increase the customer experience" and "accelerate automation and integration," according to founder and CTO Anton Roslov, thanks to the company's deployment of AI.

Only seventeen months have passed since Osome raised $25 million in a prior Series B fundraising round that included participation from Illuminate Financial, AFG Partners, and Winter Capital.