The Sleek team
Sleek.com, an online platform that provides company registration, compliance, and financial services to small and medium-sized enterprises (SMEs), has secured US$5 million in a debt financing round led by Singapore-based Fintech Nation Fund.
Sleek intends to allocate the funds to bolster its growth initiatives, thereby solidifying its market position in Singapore, Hong Kong, Australia, and the UK.
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Co-founder Julien Labruyere said, “The funds will be allocated to accelerating our growth in a sustainable manner, as we have done throughout the past years, driving 30 per cent growth year on year while decreasing our cash burn dramatically and improving our customer satisfaction metrics.”
The startup also announced that its Singapore unit has achieved profitability in Q2 and aims for group profitability by the end of this year.
Founded in 2017 by Labruyere and Adrien Barthel, Sleek is a back-office operating system for SMEs that provides company registration, accounting, tax, payroll, and a neobank business account, all built in-house. The AI-powered platform automates repetitive and manual tasks coming with company admin, allowing its staff to focus on value-added services.
Present across Singapore, the UK, Australia, and Hong Kong, Sleek claims it has served over 450,000 clients across 110 countries and processed millions of bookkeeping transactions digitally.
Founded in 2020 by Varun Mittal, Fintech Nation has evolved from a grassroots platform to an ecosystem builder comprising an investment platform and a think tank. The investment platform arm invests in early-stage fintech and embedded finance companies in Southeast Asia and offers a range of investment vehicles to suit every requirement.
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The think tank arm aims to use advocacy and access as its two pillars to bring startups, financial institutions, and investors’ aspirations and motivations to policymakers, regulators, and other official development institutions. The ecosystem builder arm focuses on recognizing emerging and existing industry leaders and organizing meetups and masterclasses.
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