Founded in 2023 and based in Singapore, SimpleAI offers an AI-powered accounting platform that automates tasks such as invoice processing, receipt and bank statement data extraction, bookkeeping, transaction reconciliation, and document management. The platform is aimed at improving efficiency and reducing manual effort for accounting teams and fund administrators. SimpleAI plans to grow via acquisitions of accounting and fund administration firms with annual revenues of $500,000 to $5 million, initially targeting Singapore and Australia and exploring Hong Kong and Mauritius. Acquired businesses are intended to remain operating under a partner-and-operator model while adopting SimpleAI's technology. The company recently secured $5 million in seed equity and a $10 million debt facility to fund this acquisition-led expansion.

Total raised

$15M

Funding rounds

2

Latest round

Seed

Latest activity

Jul 2026