Earlybird co-founder and CEO Bhavana Ravindran
Singapore-based fintech startup Earlybird AI, which aims to make bookkeeping and financial admin tasks of small and medium-sized enterprises (SMEs) painless and stress-free, has emerged from stealth with a pre-seed funding round led by Antler.
Several unnamed strategic angels also participated.
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“The capital will help us accelerate our go-to-market and minimum viable product release development and hire top quality design, engineering, and AI talent,” Bhavana Ravindran told e27.
Founded by Ravindran, a serial founder and former digital executive at VISA, Earlybird AI has developed a mobile app to make business finances and accounting painless and intuitive while giving real-time visibility into the business. The company claims the app also doubles as a CFO, transforming boring, low-value admin tasks into high-value insights, reports, and recommendations.
Earlybird’s vision is to empower SMEs to spend less time on finance admin and more time on their customers.
“Founders build the future of our society, but they are currently overwhelmed by admin-heavy, poorly designed bookkeeping tools and low-value operational tasks,” she added. “By taking on the multi-billion dollar SME accounting and finance admin industry, we can enable innovation and growth by enabling the founders to focus on what they do best – growing their business.”
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The fintech startup claims it currently grows beta test users by 30 per cent week over week.
Earlybird AI won the Asia Startup Network Angels Arena pitch event earlier this month.
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