Osome, the Singapore-based fintech platform for business and financial management, has on Thursday announced strong 25 percent revenue growth year on year and significant progress in operational efficiency, customer service, and bottom-line performance.

The company said in a statement that it also unveiled ambitious 2025 growth plans, focusing on product innovation, market expansion, and a clear path to profitability.

According to the statement, Osome has achieved over 25 percent year on year revenue growth and a 60 percent improvement in annualized earnings before interest, taxes, depreciation, and amortization (EBITDA), reflecting efficiency gains and strong business momentum.

The company has also made further progress toward profitability, reducing customer acquisition costs (CAC) by 35 percent through optimized spending and effective use of attribution channels, driving growth in both demand and lead generation.

“Osome is poised for significant growth in 2025. We’ve made meaningful strides in simplifying company incorporation and accounting, focusing on product innovation, operational efficiency, and improving the customer experience,

“While we’ve faced challenges, we are committed to evolving and improving, and delivering value to our customers. The numbers show we’re on the right path,” said Victor Lysenko, Chief Executive Officer and Founder of Osome.

He noted that in 2025, the firm will invest further in research and development (R&D), strengthen its presence in Singapore and Hong Kong, and drive long-term value through marketing and strategic partnerships.

According to the statement, in 2025, Osome will strengthen its presence in Singapore and Hong Kong, with tailored solutions and support for startup entrepreneurs, SMEs, and consultancies.

The company also plans to further invest in Chinese-language features and dedicated customer support, ensuring seamless access for Chinese-speaking entrepreneurs and small and medium-sized enterprises (SMEs) and supporting their business expansion overseas.

This initiative underscores Osome’s commitment to inclusivity and providing localized solutions that meet the diverse needs of its global customer base.

To support this vision, Osome has strengthened its leadership team with the appointment of seasoned industry veteran William Chong as Chief Financial Officer, effective November 2024.

Chong, who served as Financial Director at Glints previously, will oversee financial strategy, drive performance, and identify growth opportunities.

It is noted that n 2024, Osome introduced two key features – streamlined incorporation and enhanced mobile app, to simplify business setup and to strengthen the customer experience.

Looking ahead to 2025, Osome will continue investing in R&D to further enhance its products and user experience.

By the first quarter, Osome will be launching a feature to simplify bank account opening for incorporation customers, in collaboration with partners like Aspire, the all-in-one finance platform for modern business.

This will provide seamless access to local and global multicurrency accounts, saving time and reducing complexity for entrepreneurs, especially those incorporating businesses remotely.

Osome will also remain focused on enabling customers to complete their business and finance workflows, with intuitive tools and seamless automation, and access to dedicated experts.

These experts will continue to provide end-to-end support for compliance, onboarding, and post-incorporation services, including tax advice, accounting, and bookkeeping.

In 2025, Osome will also strengthen its brand marketing and strategic partnerships to expand reach and impact.

The company will deepen collaborations with leading global fintech partners such as Airwallex to drive brand marketing and product innovation in 2025.

Osome will also partner with influencers and affiliate networks to drive brand awareness and customer acquisition.

These partnerships will simplify financial services access, particularly for customers seeking efficient bank account setup and scalable financial solutions.

It is noted from 2022 to 2023, Singapore has seen steady growth in company incorporations, with around 40,000 to 50,000 new company registrations annually, driven by the expansion of the tech, fintech, and digital economy sectors, supported by increasing foreign company registrations and the rise of digital and innovative industries.

Looking to 2025, Osome will expand its team across engineering, sales, product, partnerships, and R&D across Asia to support its next phase of sustainable growth.

By driving operational efficiencies, launching innovative product features, enhancing customer experience, and forming strategic partnerships, Osome aims to accelerate sustainable growth across key markets.

This approach will deliver seamless, scalable solutions that empower entrepreneurs and SMEs to achieve long-term success.

To date, Osome has supported over 30,000 companies and processed more than 1 million bookkeeping transactions with over $5.6 billion in value.

In May 2024, Osome announced it had raised $17 million in Series B extension, reinforcing its commitment to driving sustainable growth and innovation.

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