FINANCIAL SERVICES | Staff Reporter, Singapore

Zave offers corporate services for SMEs

It provides dashboarding services enabling companies to easily review relevant compliance data.

Zave is a one-stop shop platform that offers convenient and cost-effective tax and accounting services for small and medium sized enterprises (SMEs). It was designed to address two pain points. The first is moving all communications of unstructured emails to structured workflow software, and second is dashboarding for the company so they can see at a glance all of their important compliance dates, deadlines, registrations and exemptions. 

The platform also ensures that its SME clients are more fully supported through the startup’s partnerships with public accounting firms for higher- value services such as audit, M&A advisory, and asset and company valuation services, amongst others. The platform’s professional services lineup is slated to expand to include company incorporation and company secretary services by April, as well as cross-border support in other jurisdictions around the region starting later this year.

“Given the core expertise of an SME and startup is usually not corporate services, it makes no sense to in-house these services,” said Alan Schmoll, founder of Zave who, previously was a director for Bank of America Merrill Lynch in Hong Kong.

Zave clients only need to enter their UEN (ACRA business registration number) and they will go through an entirely automated onboarding process. The platform’s bots can assess the size and type of company being onboarded and will create a tailored experience. Once the account is connected with their own version of Xero, either a new or existing one, the client can start to interact with the Zave team on various tasks from compliance tasks, to staff expenses and bills.

Zave is currently running on financing fuel from an undisclosed seed amount from East Ventures, an early stage venture capital started by serial technology entrepreneur Batara Eto, also a co-founder of the corporate services startup alongside Schmoll.

Zave is offering clients a no commitment free trial.

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