Digital Digest: The Latest Tech News - Osome, Aspire

Editorial Staff

7 August 2020

Osome, Aspire
A Singapore-based firm called , also based in Singapore. The organisations intend to build an online same-day service for incorporating a firm and opening a business account in the Asian city-state.

Osome uses AI to manage routine tasks on their platform such as company incorporation, corporate secretarial work, accounting, taxation and payroll. The firms said that the Aspire Business Account can be opened online “within minutes”. It automatically comes with a Visa debit card which allows business owners to transact in over 40 currencies. Directors and shareholders no longer need to be physically present in Singapore to sign the paperwork when they open an account for their business.

Osome, founded in 2018 and also present in the UK, Hong Kong and Malaysia, will take care of the company constitution, company name reservation and filing for incorporation with ACRA, Singapore's regulator of business entities.

"We are here to add value to entrepreneurs in any way we can. This partnership with Osome makes incorporation and account opening easy, fast, and transparent, eliminating frictions and giving business owners their time back," Andrea Baronchelli, Aspire CEO and co-founder, said.

Investors such as Target Global, and Pystech Venture and AdFirst have contributed to funding for Osome, totalling $3 million.