logo
OSOME AND ASPIRE EMPOWER FOUNDERS TO RECLAIM TIME WITH TECH-DRIVEN INNOVATION

OSOME AND ASPIRE EMPOWER FOUNDERS TO RECLAIM TIME WITH TECH-DRIVEN INNOVATION

Yahoo31-07-2025
- Reduce Weekly Business Pain Points by Up to 6 Hours -
HONG KONG and SINGAPORE, July 31, 2025 /PRNewswire/ -- Digital business solutions provider Osome and Aspire, a leading all-in-one finance platform for modern businesses, have deepened their partnership to help entrepreneurs in Singapore and Hong Kong save time and reduce repetitive financial admin. Through Aspire's bank integration now available on Osome's AI-enabled all-in-one platform, founders can automate key finance workflows to optimise time and resources for higher-value work.
Companies often spend six hours weekly on accounting and reconciliation tasks[1] as traditional reconciliations are time- and resource-heavy, involving manual downloads of bank statements, data extraction from the statements, and matching transactions across multiple systems. Through Aspire's bank integration capability, businesses data extraction from bank accounts into Osome's platform is automated, enabling businesses to simplify and accelerate the reconciliation process, significantly reducing human error and closing their books with ease.
"Osome exists to give entrepreneurs back what matters most - their time," said Catherine Doherty, Head of Partnerships at Osome. "Our partnership with Aspire reflects our commitment to simplifying business ownership and helping founders build something meaningful." Automation and improvements in key financial processes can help to reduce costs by 35% to 46%[2].
Over the past two months, the adoption of Aspire's bank feed integration among Osome customers has surged by 43%, signalling a rapid recognition of the operational value and time-saving potential of this seamless connection.
"A 43% surge in adoption in just two months speaks volumes," said Andrea Baronchelli, CEO and Co-Founder of Aspire. "Founders are hungry for solutions that save time and reduce friction. Our integration with Osome gives them real-time visibility, faster reconciliation, and fewer manual headaches."
Aspire and Osome will jointly initiate community and educational outreach activities for founders, startups, and SMEs in both cities. The integrated experience for founders starts at https://osome.com/sg/aspire/.
About Osome
Osome was founded to empower entrepreneurs to accelerate positive change by reducing their administrative burden. Since 2017, it has helped founders advance their missions with AI-enabled digital solutions and expert local guidance through services like incorporation, secretarial support, accounting, payroll, and tax compliance. Active in top financial markets such as Hong Kong, London, and Singapore, Osome continuously adapts to modern entrepreneurs' needs by partnering with leading fintech firms. To date, Osome has assisted over 30,000 companies in processing more than 1 million bookkeeping transactions, totalling over US$5.6 billion in value. Learn more about Osome at www.osome.com/
About Aspire
Aspire is the all-in-one finance platform for modern businesses globally, helping over 50,000 companies save time and money with international payments, treasury, expense, payable, and receivable management solutions - accessible via a single, user-friendly account.
Headquartered in Singapore, Aspire has 600+ employees across nine countries, clients in 30+ markets and is backed by global top tier VCs, including Sequoia, Lightspeed, Y-Combinator, Tencent and PayPal. In 2023, Aspire closed an oversubscribed US$100M Series C round and announced that it has achieved profitability.
[1] Adyen highlights slow cash flow and payment reconciliation stalling SME growth, draining time and resources, 11 May 2025. https://www.adyen.com/en_AU/press-and-media/adyen-highlights-slow-cash-flow-and-payment-reconciliation-stalling-sme-growth
[2] Finance Effectiveness Benchmark Report 2017 by PwC https://www.pwc.com.au/consulting/assets/finance-effectiveness-benchmark-2017.pdf
View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/osome-and-aspire-empower-founders-to-reclaim-time-with-tech-driven-innovation-302517155.html
SOURCE Osome Ltd
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Quadria Is Said to Weigh Stake Sale in $2 Billion Firm Encube
Quadria Is Said to Weigh Stake Sale in $2 Billion Firm Encube

Bloomberg

time27 minutes ago

  • Bloomberg

Quadria Is Said to Weigh Stake Sale in $2 Billion Firm Encube

Asian healthcare-focused private equity firm Quadria Capital is considering selling its minority stake in Indian topical pharmaceutical company Encube Ethicals Pvt, people familiar with the matter said. Quadria Capital is discussing with prospective advisers a potential exit from the Mumbai-based company and seeking a valuation of $2 billion for the entire business, the people said, asking not to be identified as the discussions are private. The considerations are preliminary and no final decisions have been made, the people said.

India waives customs duty on cotton imports to support textile sector
India waives customs duty on cotton imports to support textile sector

Yahoo

timean hour ago

  • Yahoo

India waives customs duty on cotton imports to support textile sector

This waiver includes the elimination of a 5% Basic Customs Duty (BCD), a 5% Agriculture Infrastructure and Development Cess (AIDC), and a 10% Social Welfare Surcharge, which together constituted an 11% import duty on cotton. The Central Board of Indirect Taxes and Customs (CBIC) announced this decision with the expectation that it will reduce input costs throughout the textile value chain, including yarn, fabric, garments, and made-ups. The move is anticipated to provide relief to apparel and textile manufacturers and consumers. The exemption may be an advantage for US cotton producers and support India's clothing sector, which is bracing for tariffs close to 60% on its US exports starting later this month, according to Reuters. The textile industry has been advocating for the removal of import duties on cotton due to escalating domestic prices and supply constraints. The Indian government's decision to waive these duties aims to increase raw cotton availability in the domestic market, stabilise prices to curb inflation on textile products, enhance the export competitiveness of Indian textiles by reducing production costs, and protect small and medium-sized enterprises in the textile sector from price volatility, according to the Ministry of Textiles. This initiative is projected to positively impact domestic cotton prices and fortify the health of India's textile and apparel sector — a vital source of employment and exports. Textile associations have expressed their approval of this measure by the government, which exempts all varieties of cotton from an 11% import duty starting 19 August. Earlier this month (August), US President Donald Trump imposed additional tariffs on Indian products as a response to India's purchase of Russian oil, effectively doubling the total duty to 50% on Indian imports into the US from later this month. Prior to the tariff increase by Trump in April, Indian exports were subject to duties ranging from 0-5%, with some textile products facing tariffs between 9% and 13%, reported the news agency. "India waives customs duty on cotton imports to support textile sector" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store