Aspire CEO Andrea Baronchelli
Osome, a digital business solutions provider, and Aspire, a provider of an all-in-one finance operating system (OS) for businesses in Southeast Asia, have partnered to help Singapore and Hong Kong entrepreneurs automate key finance workflows and optimise time and resources for higher-value work.
This collaboration sees Aspire’s bank integration now available on Osome’s AI-enabled platform.
Also Read: How Osome frees founders from business admin to focus on growth
Companies dedicate up to six hours weekly to accounting and reconciliation tasks, mainly because traditional reconciliation processes are manual and resource-intensive. These processes involve downloading bank statements, extracting data, and matching transactions across various systems.
Through Aspire’s bank integration, businesses benefit from automated data extraction from bank accounts directly into Osome’s platform, simplifying and accelerating the reconciliation process. This automation is expected to reduce human error and facilitate easier business book-closing.
Over the past two months, Osome claims to have observed a 43 per cent surge in its customers’ adoption of Aspire’s bank feed integration. Beyond time savings, automation and improvements in key financial processes can also lead to substantial cost reductions, estimated between 35 per cent and 46 per cent.
Andrea Baronchelli, CEO and co-founder of Aspire, said: “Founders are hungry for solutions that save time and reduce friction. Our integration with Osome gives them real-time visibility, faster reconciliation, and fewer manual headaches.”
Looking ahead, Aspire and Osome plan to jointly initiate community and educational outreach activities aimed at founders, startups, and SMEs across both Hong Kong and Singapore.
Osome, established in 2017, focuses on empowering entrepreneurs by alleviating their administrative burdens. It offers AI-enabled digital solutions and expert local guidance covering incorporation, secretarial support, accounting, payroll, and tax compliance. Active in major financial hubs including Hong Kong, London, and Singapore, Osome has supported over 30,000 companies and processed over 1 million bookkeeping transactions with a total value exceeding US$5.6 billion.
Also Read: Aspire lands US$158M Series B to scale its ‘all-in-one finance OS’ for SMEs across SEA
Aspire, headquartered in Singapore, is an all-in-one finance platform serving over 50,000 companies globally. It provides solutions for international payments, treasury, expense, payable, and receivable management through a single, user-friendly account.
With over 600 workers across nine countries and clients in over 30 markets, Aspire is backed by leading global venture capitalists, including Sequoia, Lightspeed, Y-Combinator, Tencent, and PayPal.
In 2023, Aspire announced its profitability and closed a US$100 million Series C funding round.
The post Osome and Aspire partner to automate finance for entrepreneurs in Singapore, Hong Kong appeared first on e27.
Osome, a digital business solutions provider, and Aspire, a provider of an all-in-one finance operating system (OS) for businesses in Southeast Asia, have partnered to help Singapore and Hong Kong entrepreneurs automate key finance workflows and optimise time and resources for higher-value work. This collaboration sees Aspire’s bank integration now available on Osome’s AI-enabled platform.
The post Osome and Aspire partner to automate finance for entrepreneurs in Singapore, Hong Kong appeared first on e27. Fintech, News, Singapore, Aspire, bookkeeping, Lightspeed, Osome, PayPal, Sequoia, Tencent, Y Combinator e27