Malaysia-based fintech firm FinKnight, formerly Beetle Knight Advisory, received significant investment from First Move and Gobi Partners Affiliate to improve financial services for Southeast Asian startups and scaleups.
FinKnight stated that this investment supports its goal of providing comprehensive accounting and professional services, including growth strategies, fundraising, bookkeeping, and data analytics.
The organization asserts that standard finance processes frequently fail to match the specific requirements of high-growth ventures in the fast-paced startup environment.
It also mentioned that as operations grow, startups and scaleups are under more and more pressure to save expenses, which has led many of them to move back-office and finance activities to more affordable locales.
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In order to overcome these obstacles, the company offers a novel method of startup financing that combines in-depth financial knowledge with a great awareness of the startup scene. It should be mentioned that Chan and Chang both held the position of Chief Financial Officer at EasyParcel and Signature Market, two businesses.
“We instantly connected when discussing how FinKnight could address the finance needs of startups at various stages, We share a vision of FinKnight taking a long-term partnership approach to support these businesses as they scale,” said Chang Lih Yen, Co-founder of FinKnight.
The two founders worked for many years in a variety of positions related to strategy, finance, turnaround, investing, and accounting. Their varied experiences provide them a special understanding of the particular financial requirements of scaleups and startups.
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They are also capable of assisting other startups in thriving in the current competitive environment since they recognize the significance of striking a balance between cost efficiency and strategic expansion.
Chan Qi Yang, Co-founder of FinKnight, added that the investors support validates the firm’s mission to challenge conventions and empower startups that they started a year ago. With their investment and advice, we are poised to accelerate our expansion, reach new markets, and deliver unparalleled value to our customers,” he added.
Over the course of a year, FinKnight has provided support to over fifteen startups and scaleups, assisting them in navigating intricate financial environments, streamlining their operations, and achieving long-term success.
Their clientele includes pre-seed to growth-stage businesses with revenue ranging from pre-revenue to mid-eight figures USD.
About FinKnight
FinKnight, to provide startups with the most user-friendly and smooth financial management experience possible, all at the most affordable prices. This includes optimizing data for increased value creation, guaranteeing compliance, and streamlining corporate operations.
