Sleek – a platform that provides company registration, compliance, and financial services to small and medium enterprises – raised US$5 million in debt financing, with funding from Singapore-based Fintech Nation Fund.

The company will use the funds for its operations in Singapore, Hong Kong, Australia, and the UK.

Since its founding in 2017 by Julien Labruyere and Adrien Barthel, Sleek has broadened its services to include company registration, accounting, tax compliance, payroll, and neobank business accounts.

Separately, the company also announced its profitability in Singapore during the second quarter of this year.

Over the past year, Sleek processed more than one million client bookkeeping transactions, totaling over US$5 billion in revenue. Sleek’s client base surpassed 15,000 businesses while maintaining its current workforce.