Fintech FinKnight raised funding from First Move, Gobi Partners Affiliate to expand financial support for startups
FinKnight, formerly known as Beetle Knight Advisory, is a Malaysian fintech company that has gotten strategic funding from First Move and Gobi Partners Affiliate to improve financial services for Southeast Asian startups and scaleups.
According to a statement from FinKnight, this investment furthers the company’s goal of offering full accounting and professional services, including growth strategies, fundraising, bookkeeping, and data analytics.
“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 investors’ support, according to FinKnight’s co-founder Chan Qi Yang, validates the company’s mission to disrupt norms and empower startups that they launched 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.
The firm asserts that traditional financial practices frequently fail to meet the specific requirements of high-growth ventures in the fast-paced startup environment of today.
It also mentioned that as operations grow, startups and scaleups are under more and more pressure to minimize expenses, which has led many of them to move back-office and finance operations to more affordable locations.
In order to overcome these obstacles, the company offers a novel method of startup financing that combines in-depth financial knowledge with a keen 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 startups.
The two founders worked for many years in a variety of positions related to strategy, finance, turnaround, investment, and accounting.
They have a unique understanding of the particular financial requirements of startups and scaleups because of their varied backgrounds.
Their comprehension of the significance of striking a balance between cost optimization and strategic growth also puts them in a good position to assist other startups in thriving in the current competitive environment.
FinKnight has helped over 15 startups and scaleups in just one year by assisting them in navigating challenging financial environments, streamlining their business processes, and achieving long-term growth.
Pre-seed to growth-stage businesses with pre-revenue to mid-eight-figure USD in revenue are among their clientele.
