Singapore-based financial analytics platform Bunker has raised US$5 million ($6.6 million) over two rounds of funding from investors across the region including January Capital, Northstar Group and Alpha JWC, aside from a number of angel investors.
Bunker provides executives with financial visibility by turning the thousands of overlooked rows in the general ledger into actionable insights. Its co-founder and CEO Shivom Sinha played a key role in driving the strategic finance function for tech companies such as Gojek, Uber and Kargo.
“In today's economic landscape, CEOs and CFOs are holding their finance strategies to the highest standards, but monthly financial planning and accounting 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,” says Sinha.
Companies use Bunker’s platform to spot vendor-specific cost and terms of payment negotiation opportunities, drive ad-hoc budgeting as well as manage investor relations or fundraise with a smoother due diligence process.
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 to deploy and no complex implementation nor training from the client is required.
Bunker’s client base spans markets such as Singapore, Indonesia, the Philippines and Hong Kong. The company claims its clients identify cost savings of at least 10% of operational expenditure during first use of the software.
