Bunker CEO and Co-Founder Shivom Sinha
Singapore-based startup Bunker, which provides a modern financial analytics platform for SMEs, has secured over US$5 million over two funding rounds.
The investors include January Capital, Alpha JWC, GFC, Northstar Group, Money Forward, Alpine Ventures, and Patamar Capital.
Angel investors, namely Chris Lin, Rosemary DeAaragon, Tiger Fang, Gaurav Gupta, Christian Sutardi, Warren Tseng, Jonathan Wong, Nakul Malhotra, and Shaun Hon, also participated.
Bunker was founded in 2021 by CEO Shivom Sinha, formerly VP (strategic finance) at Gojek and Senior Associate (Strategic Finance) at Uber.
Bunker is an intuitive platform that gives executives “deep financial visibility” by turning the thousands of overlooked rows in the general ledger into actionable insights.
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The startup’s proprietary solution scans the thousands of overlooked rows of transactions and other data in a company’s accounting or enterprise resource planning (ERP) software. Companies use this platform to spot vendor-specific costs and terms of payment negotiation opportunities, drive ad-hoc budgeting, and manage investor relations or fundraise with smoother due diligence processes.
The platform integrates with software such as Xero, NetSuite, QuickBooks, Jurnal, Accurate, and SAP. Unlike existing business intelligence software, which can take weeks to deploy, Bunker takes days, and no complex implementation or training from the client is required.
It has customers in Singapore, Indonesia, the Philippines, and Hong Kong.
“In today’s economic landscape, CEOs and CFOs are holding their finance strategies to the highest standards, but monthly FP&A cycles fall short – they’re still too shallow and too slow. The richest financial data for critical insights still lies the general ledger but unpacking it continues to be a gruelling exercise. Bunker bridges this gap, enabling leadership to plan and execute with surgical precision,” said CEO Sinha.
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