Sleek offers a proprietary, fully digital platform that enables rapid legal-entity registration, automated business accounts, and back-office services including bookkeeping, tax, payroll, CFO services and business insurance. Its core product allows users to quickly register a legal entity and open SGD deposit business accounts that collect and process payments while automating bookkeeping. The company recently added free business accounts for clients and plans to add payment cards to enable vendor payments and employee expense management. Sleek will use the new capital to bolster technology and product development, hire talent, expand presence in existing markets and enter new markets. Founded in Singapore in 2017, Sleek serves 6,000+ clients and has generated over US$10M of annualized recurring revenue. It is licensed by Singapore's ACRA and the Monetary Authority of Singapore under the Payment Act. Sleek is a fintech firm that provides a digital platform and Cloud-powered corporate services for entrepreneurs and small businesses. Its product suite includes company incorporation, compliance solutions, and digital accounting and tax filing tools in Singapore and Hong Kong. The company plans to expand into new markets across Asia and to develop additional digital tools to complement corporate and financial services. Management said growth accelerated during the COVID-19 pandemic, which acted as a catalyst for fully digital players like Sleek. Julien Labruyere is CEO. Financially, Sleek recently secured $4 million in venture capital to support product and geographic expansion. Sleek offers a subscription platform that handles incorporation, accounting, taxes, regulatory compliance and other administrative tasks for startups and companies operating in Singapore and Hong Kong. The company provides a dashboard for clients to track progress, performs KYC using APIs tied to global databases, and connects entrepreneurs with financial institutions for working capital. Sleek charges a fixed annual subscription (about $600) and offers vouchers for services such as AWS, Stripe and Google Cloud; it also waives some fees starting in the second year. The service today supports more than 2,000 startups and companies and counts clients including Yours Cosmetics, Aspire Financials, Ematic Solutions, Devialet and Total. Sleek was founded by French entrepreneurs Julien Labruyere and Adrien Barthel and currently employs 85 people. The company plans to use new capital to expand its tech team, build new features for clients and increase operational capacity. Sleek is a paperless one-stop platform for incorporating and operating companies in Singapore, handling incorporation, government filings, accounting, taxes, visas and regulatory compliance. Founded in May 2017 by Julien Labruyere and Adrien Barthel, Sleek built its own systems including an AI that analyzes client mail and a workflow management tool to digitize corporate-secretary processes. The company offers packages starting at SG$800 (about $585) per year for compliance officer services, with pay-per-use options for taxes and add-ons such as nominee director, registered address and employee pass applications. Sleek has grown to more than 50 employees and says it works with over 1,000 clients, from one-person consultancies to MNC sub-divisions, and is a Xero gold-level partner. The startup raised a $1.5 million round that included participation from Martin Crawford, bringing total disclosed funding to $2.1 million. Future plans include building a partner platform for third-party financial services and more granular accounting controls, plus launching a similar incorporation service in Hong Kong.

Total raised

$36M

Funding rounds

5

Latest round

Series A

Latest activity

Dec 2021