Cloud-based accounting firm Bukku used this pitch deck to secure $172k in pre-seed funding

ABOUT

Bukku.my is an online accounting software firm that offers cloud-based services for small businesses in Malaysia. It partners with various accounting firms in the country to provide affordable services.

Founded in 2020, the company creates invoices for its customers with prefilled information, and sends it digitally through email or WhatsApp in real time. It provides a dashboard with details on sales, expenses, and cashflow of the business, along with a digital shoebox that organizes messy receipts with automatic data extraction.

The accounting firm claims that over 3,500 local small and medium enterprises enrolled for their software and services in a year. The company targets to triple that number in 2021.

Bukku.my used this pitch deck recently to obtain 700,000 Malaysian ringgit (US$172,000) in pre-seed funding.

Fundraising journey

• February 2021: US$172,000 raised in its pre-seed funding round from six undisclosed investors

How is the deck compelling?

• The pitch deck is simple, neatly designed, and easy to understand.
• The deck starts with a clear problem statement about Malaysia’s low rate of cloud accounting software adoption. They also define challenges in the current process of accounting in firms.
• It also introduces the team behind the firm, along with their background and qualifications.
• The deck also points out the opportunities that Bukku.my might have in the future, and includes details of its business model in comparison with other cloud accounting solution providers, and the platform’s traction.

SOURCE

Deck: Bukku.my