# Hishab Singapore Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hishab-singapore-pte

- Industry: Software
- Headquarters: Singapore
- Website: www.hishab.co
- Total disclosed funding: $2.8M
- Latest round: Seed (Oct 3, 2022)
- Investors on record: 3

## About

Hishab Singapore Pte. Ltd., based in Singapore, specializes in innovative financial solutions that streamline accounting and bookkeeping for small and medium-sized enterprises (SMEs) through its advanced cloud-based platform.Founded in 2017, Hishab Singapore Pte. Ltd. provides cloud-based financial solutions specifically designed to assist SMEs in managing their accounting processes. The company does not have any known subsidiaries and has not undergone any significant business pivots since inception. The founders include Fayadan Hossain, Mio Ahmed, and Zubair Ahmed, with Zubair Ahmed currently serving as the CEO. In October 2022, the company raised USD 2.79 mn in Seed funding from investors including ICMG Partners, Spiral Ventures, and TEPCO Frontier Partners, bringing the total amount raised to USD 2.79 mn and the current company valuation to USD 26.10 mn.Hishab.co is primarily focused on providing innovative financial solutions aimed at streamlining accounting and bookkeeping processes for small and medium-sized enterprises (SMEs). Its core product offerings include an advanced cloud-based accounting platform that automates various financial tasks, such as invoicing, expense tracking, and financial reporting. The platform enhances operational efficiency and reduces the time spent on manual accounting duties, empowering businesses to focus more on their core operations. Targeted primarily at SMEs across various sectors, including retail, services, and e-commerce, Hishab.co facilitates real-time financial insights that can inform strategic business decisions. The solution is marketed in select geographical regions, including South Asia and parts of the Middle East, catering to businesses seeking to modernize their financial management practices.Hishab.co generated revenues of USD 558,153 in the most recent year, 2022. The company reported an EBITDA of USD -1,140,524 for the same year. Hishab.co's revenue model is based on a subscription framework offering tiered pricing plans that meet the diverse needs of its clients. Clients subscribe to the platform, making recurring payments in exchange for ongoing access to its accounting services, which are specifically designed for SMEs to efficiently manage their financial activities.In October 2022, Hishab Singapore Pte. Ltd. raised USD 2.79 mn in Seed funding, which will be utilized to expand access to various digital services for individuals and businesses dealing with underdeveloped Internet infrastructure. The company plans to launch new products designed to further enhance their accounting services and is targeting expansion into new markets, particularly within South Asia and the Middle East, aiming for increased presence by 2024.

## Funding rounds

- Seed, Oct 3, 2022, $2.8M — Spiral Ventures, TEPCO Frontier Partners, ICMG Partners

## Investors

- Spiral Ventures (https://capitalatlas.ai/funds/spiral-ventures) — Seed
- TEPCO Frontier Partners — Seed
- ICMG Partners (https://capitalatlas.ai/funds/icmg-partners) — Seed