Sleek

Sleek, founded in 2017, serves over 16,000 SMEs annually across Singapore, Hong Kong, the UK, and Australia.

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

With the license, it will be able to offer its new suite of services, such as cross-border transfers and e-money issuance, to a larger audience.

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Sleek said its portfolio has more than 5,000 clients who generate US$10 million in annualized recurring revenue.

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Singapore-based Sleek is planning to release products addressing pain points in remittances and card issuance.

Pauline Sim previously served as senior vice president of United Overseas Bank’s fintech, ecosytstem, and innovation division.

The corporate services startup said it plans to use the new funds to expand to new markets and launch new functionalities and business verticals.

It also plans to expand its tech team, develop new features, and increase its operational capability.