Over $5 M funding secured by financial analytics platform Bunker in two rounds
For its financial analytics platform, Singapore-based Bunker has raised more than $5 million over two rounds, launching startups and small and medium-sized businesses (SMEs) in Asia Pacific (APAC) into a new era of accelerated profitability and steady growth.
According to a statement released by Bunker on Tuesday, the investors include Alpha JWC, January Capital, Northstar Group, GFC, Money Forward, and others. Prominent angel investors include Chris Lin, Rosemary Hua DeAragon, and Tiger Fang.
“Imagine today’s world, but without any concept of antiquated financial statements like a profit and loss (P&L) or cash flow. To make sense of the raw financial data – the 1,000s of rows of transactions in accounting software – one would begin with a data science approach instead. That’s what Bunker does,” said Shivom Sinha, Bunker Chief Executive Officer and Co-Founder.
The monthly financial planning and analysis (FP&A) cycles still fall short because they are still too shallow and slow, he claimed, despite the fact that chief executive officers and chief financial officers are holding their financial strategies to the highest standards in today’s economic environment.
“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,” he added.
Shivom, who got his start working for companies like KKR, has been instrumental in advancing the strategic finance functions of Gojek, Uber, and Kargo throughout Indonesia and APAC.
Bunker is a cutting-edge platform for financial analytics that provides executives with comprehensive financial visibility by transforming the thousands of ignored rows in the general ledger into useful information.
By scanning the thousands of overlooked rows of transactions and other data in a company’s accounting or enterprise resource planning (ERP) software, its proprietary software quickly identifies areas for investigation.
Its service includes monthly PDF reports with naturally occurring bullet points that are automatically generated, along with charts and tables, allowing for cross-functional strategic collaboration from a single source of truth.
The customer base of Bunker is expanding and includes nations like Singapore, Indonesia, the Philippines, and Hong Kong.
The platform has integrations for numerous programs, including Xero, NetSuite, QuickBooks, Jurnal, Accurate, SAP, and others.
