CLIENT STORIES
Improving the finance systems of a business lending startup in South-East Asia
Business Lending Startup
A fast-growing lending startup faced challenges raising capital and ensuring tax compliance due to an improperly set up Xero system, leading to manual updates and inaccurate financial reports.
“We were growing faster than our finance systems could handle, and our investors needed proof that our numbers were dependable.”
We first tackled their Xero implementation by identifying the flaws that had rendered it unusable. During this process, we discovered the loan management system wasn’t accurately reflecting the loans extended to various companies. We created a workaround that allowed us to import and transform data from the loan management platform, ensuring it would align with proper accounting standards. Once Xero was fixed, the company could finally generate timely monthly financials and maintain compliance without manual bottlenecks.
“Our ability to raise additional capital depended on having reliable, up-to-date financials—so we needed to get this right.”
With a stable accounting environment in place, the startup accelerated its fundraising efforts and secured additional rounds of capital from investors. Having a fully functional finance infrastructure supported their continued growth and positioned them as a credible partner for both lenders and borrowers alike.
