FinKnight, a Malaysian fintech startup providing accounting and professional services, has secured an undisclosed strategic investment from Gobi Partners Affiliate and First Move, an early-stage fund run by Fave founder Joel Neoh and its former executive Audra Pakalnyte.
This investment supports FinKnight’s mission to provide “comprehensive accounting and professional services”, including growth strategies, fundraising, bookkeeping, and data analytics.
In today’s fast-paced startup environment, traditional financial practices often fall short of meeting the unique needs of high-growth ventures. Moreover, startups and scaleups face increasing pressure to optimise costs while scaling operations, prompting many to relocate finance and back-office functions to more cost-effective locations.
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FinKnight (formerly Beetle Knight Advisory) addresses these challenges by offering a new approach to startup finance.
The startup, The startup, founded by Chang Lih Yen and Chan Qi Yang (former CFOs of EasyParcel and Signature Market), claims to have impacted over 15 startups and scaleups in just one year, helping them navigate complex financial landscapes, optimise their operations, and achieve sustainable growth.
Its clientele ranges from pre-seed to growth-stage companies.
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Joel Neoh, Partner at First Move, said, “When I first met the FinKnight team, I was immediately struck by their deep understanding of the unique challenges startups face. It’s not just about providing financial services—it’s about being a partner in their growth journey. We’re thrilled to join FinKnight in their mission to empower startups and scaleups across Southeast Asia with the tools they need to succeed.”
Founded in 2023, First Move has backed ten Southeast Asian startups in the first year. With an average investment size of US$100,000 per startup, the VC firm has invested in companies, including The Giggly Company, Evo Commerce, DeCube, Save Day, Koppiku, 3Cat, PayGap, and Collektr.
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Image Credit: FinKnight.
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