Founded in 2017 by Victor Lysenko, Osome manages various financial and administrative processes such as accounting, tax returns, payroll processing and company formation using automation and artificial intelligence
Online accounting startup Osome has raised $17 million. The investors participating in the company’s $17 million Series B investment round were not disclosed, but the company has 11 investors. These investors include notable names such as Winter Capital and Illuminate Financial. Osome announced that the new investment will be used to develop new products and conduct R&D studies.
The new investment of $17 million was received as part of the $25 million B series investment round that took place in December 2022. With the $17 million investment, the startup’s B series investment round reached $42 million. The total investment the company has received so far is over 65 million dollars.
Founded in 2017 by Victor Lysenko, Osome manages various financial and administrative processes such as accounting, tax returns, payroll processing, and company formation using automation and artificial intelligence. The company’s goal is to reduce the administrative workload of business owners and allow them to focus on growing their businesses.
Osome tracks the income, expenses, and other financial transactions of businesses and prepares regular financial reports. The company also helps clients prepare and submit tax returns in compliance with local tax laws.
Manages the calculation and payment of employee salaries, social security contributions, and other payroll-related transactions. For entrepreneurs who want to start a new business, it facilitates company incorporation procedures and prepares the necessary legal documents. Osome uses automation and artificial intelligence technologies to speed up processes and improve accuracy. This reduces manual data entry and minimizes errors.
