Sleek
“Can a digital corporate services firm become the financial OS for Asian SMEs by layering its own MPI-licensed banking on top of incorporation and accounting?”
Founded2017
HQSingapore (160 Robinson Road, #14-04 SBF Center)
FoundersJulien Labruyere, Adrien Barthel
Total raised~$25M+ (Series A extended)
Latest roundSeries A extension, 2021
IndustryVertical SaaS / Corporate Services (Incorporation, Accounting, Compliance)
The story
Founded 2017 as a digital corporate services company (incorporation, corporate secretary, accounting) targeting SMEs in Singapore and Hong Kong. Expanded the platform into a back-office operating system covering bookkeeping, payroll, tax, and visa services. The 2021 launch of Sleek Business Account and the 2022 MAS MPI license marked the pivot into embedded finance — Sleek now issues its own business account/cards and offers cross-border payments under its own MPI license, while also partnering with Airwallex and Aspire for premium banking tiers.
Last 12 months
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Product timeline
2017
Founded in Singapore by Julien Labruyere and Adrien Barthel to digitize company incorporation and corporate secretarial services· pivot
2019
Raised $5M seed extension; expanded into Hong Kong· funding
2021
Raised $14M Series A led by Jungle Ventures and White Star Capital; launched Sleek Business Account; expanded to Australia· banking
2021
Series A extended to $25M with EDBI participation· funding
2022
Granted MAS Major Payment Institution (MPI) license, enabling cross-border transfers, account issuance, and e-money issuance· banking
2022
Partnered with Stripe Atlas for US company registration· partnership
Regulated entities
Major Payment Institution (MPI) License
Singapore (MAS) · 2022
Sleek Tech Pte Ltd
Registered Filing Agent
Singapore (ACRA) · 2017
Sleek Tech Pte Ltd (ACRA Professional No. 201708433H)
Employment Agency License
Singapore (MOM)
Sleek Tech Pte Ltd (MOM EA Licence #17S8937)
The stack
Payments / PSP
Banking / BaaS
Card issuing
Lending
Network of lenders (unnamed)Sleek Business Loans (UK) — referral to lending network
Payroll
FX & payouts
Accounting
Accounting gap: minor