As we celebrate our 7th year in business, we’re excited to announce that we’ve achieved profitability in Singapore during Q2 2024, marking a key milestone in our journey. But that’s not all – we’ve also secured $5 million in debt financing, led by the Singapore-based Fintech Nation Fund, to power our continued growth.
A Strong Year for Sleek
This year has been nothing short of incredible for us. Reaching profitability in Singapore is a significant achievement, but we’re not stopping there. With these newly secured funds, we’re doubling down on our growth initiatives across all our markets – Singapore, Hong Kong, Australia, and the UK.
Sleek has grown so much since we started in 2017, and we’re thrilled to celebrate our growth this year alongside these exciting milestones. From humble beginnings, we now proudly serve over 15,000 businesses worldwide, and we’re working hard to make sure that number keeps climbing. It’s thanks to our dedicated team, innovative technology, and, of course, the amazing entrepreneurs who trust us with their business needs that we’ve made it this far.
How We’re Growing
One thing we’re especially proud of is the way we’ve grown smarter, not just bigger. Over the past year, we’ve increased our client base by 30% without expanding our headcount – that’s the power of the technology and AI that we’ve developed in-house! Our team of 20 developers and AI scientists has been hard at work, building solutions that allow us to process millions of bookkeeping transactions, helping our clients generate over $5 billion in revenue.
And, just like we celebrated our technology in June during our 7th anniversary, we want to emphasize how it’s been a driving force behind our success. SleekSign, our proprietary e-signature product, and our Sleek Receipts platform are just a few examples of how we’ve built smarter, faster tools for our clients. It’s no wonder we’re celebrating – with each milestone, we’re making life easier for entrepreneurs everywhere.
A Word from Our Leadership
Our Co-Founder Julien Labruyere couldn’t be more excited about the future. “We’re thrilled to partner with Fintech Nation Fund and secure our first debt financing round,” Julien shared. “This investment will accelerate our growth in a sustainable way, just as we’ve done over the past seven years. Achieving 30% year-on-year growth while reducing cash burn and improving customer satisfaction has been key to our success, and we’re ready to take things to the next level.”
This year’s celebration of our founders was another highlight of our 7th anniversary. Julien’s leadership has been instrumental in getting us to where we are today, and we couldn’t be more grateful for his vision and commitment.
Vanessa Ho, Co-Founder of Fintech Nation Fund, also had some exciting insights: “In today’s challenging economic climate, businesses like Sleek are proving that sustainable growth is possible with the right approach. We’re proud to support Sleek in this exciting phase of its journey.”
Fintech Nation – A Key Partner in Sleek’s Growth
Fintech Nation Fund, the leader of this debt financing round, is no stranger to helping businesses like Sleek grow. Since its founding in 2020 by Varun Mittal, Fintech Nation has been focused on democratizing access to economic opportunities and driving digital transformation across Southeast Asia.
Fintech Nation’s commitment to supporting high-growth businesses aligns perfectly with Sleek’s mission. As a leader in early-stage fintech investments, the fund is expanding its portfolio by supporting companies like Sleek that blend technology with exceptional customer service. Fintech Nation’s ecosystem-building approach, which spans investments, advocacy, and industry leadership, makes it an ideal partner for Sleek as we continue to scale.
Vanessa Ho summed it up perfectly: “Sleek’s innovative approach to back-office operations for SMEs is the kind of forward-thinking solution we love to invest in. We’re excited to see how Sleek’s next chapter unfolds.”
Looking Ahead
As we wrap up a milestone year, we’re full of optimism for what’s to come. This latest round of financing will help us continue growing in the markets we serve and expand our service offerings, all while maintaining the high standard of support our customers expect. After all, we wouldn’t be here without our amazing clients – who we celebrated in June as part of our 7th-anniversary series. Here’s to many more years of success, growth, and innovation!
About Sleek
Built by entrepreneurs, for entrepreneurs, Sleek simplifies business management through a digital platform that handles company incorporation, accounting, tax, payroll, and more. Our mission is to make life easier for entrepreneurs everywhere by automating the tasks that slow them down. We currently operate in Singapore, Hong Kong, Australia, and the UK, proudly serving 15,000+ businesses worldwide.
450,000
businesses worldwide.
from 4,100+ reviews.
satisfaction rate from
16,000 surveyed clients.
