Business management System Osome Increases US$2m in seed Financing

AI-POWERED company management platform Osome has increased US$2 million for its seed round headed by Berlin-headquartered venture capital company Target Global. Other shareholders included Phystech Ventures, AD.RU capital and lots of angel investors.

Osome, that is located in Singapore, was launched in January 2018 to facilitate company direction for small and midsize businesses (SMEs). Its suite of services includes company registration, company record keeping, bookkeeping, and filing of annual returnsand corporate secretary solutions and payroll management.

Osome said in a press statement that its stage employs automation resources and AI (artificial intelligence) to increase response time and precision, and also to lower price. The new capital will be utilized for product development and expansion into Australia and Hong Kong.

“We understand how much time and resources are spent on problems with no direct relation to business”, said Mike Lobanov, general partner at Target International. “Countless jobs in different states face such issues, which explains why Osome includes a excellent chance to input other foreign markets.”

At the core of Osome’s technologies is a proprietary AI chatbot that responds to customers’ requests and assists them in critical but time consuming jobs involved with business management, stated the company. For instance, users wanting to incorporate a corporation will be advised to offer key details for registration in the protected chat; Osome then handles the necessary documentation.