SME platform Sleek lands Series A funding

Sleek, a platform for entrepreneurs and business owners, has raised $14m in Series A funding, led by Jungle Ventures and White Star Capital.

Sleek said the funding will allow it to strengthen its technology and product development, expand its presence in existing and new markets, and continue hiring new talent.

Since its inception in 2017 in Singapore by co-founders Julien Labruyere and Adrien Barthel, Sleek has been on a mission to make the lives of entrepreneurs and investors easier. The platform combines company secretary services, bookkeeping, payroll, tax advisory and employment visa services.

According to Sleek, it has assisted more than 5,000 companies to spend less time on their back office operations, and “focus on what they do best and love the most: building their business.”

Sleek recently launched its Business Account product, which allows entrepreneurs and small business owners to open a deposit account and sidestep the “cumbersome paperwork requirement” that often comes with opening a business account in a traditional financial institution.

The company said it plans to launch more services soon, starting with the ability to issue debit cards.

Barthel, Sleek’s co-founder and chief growth officer, said, “With the launch of Sleek Business Account, we have added a major brick in our product vision of building the Operating System for entrepreneurs.

“Gone are the days where you needed to navigate between your corporate secretary, accountant and bank relationship manager – often sending hard copies of documents via courier. Now everyone can start a Singapore company and collect the first payments in a day, and from anywhere in the world!”

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