Fintech

Bunker down with $5M to dig up insights from all your data

July 26, 2023
Bunker co-founder and CEO, Shivom Sinha. Image from Bunker

Sure, you’ve got the data. But do you have the insights? Find shelter with Bunker!

Founded in 2021, this Singapore-based startup builds software that turns any company’s financial data into actionable insights. Oh, and they just raised $5M over two rounds!

  • Their customers are startups and SMEs.

Investor check. Alpha JWC, January Capital, Northstar Group, GFC, Money Forward, Alpine Ventures and Patamar Capital.

  • 👼: Several angels, including Chris Lin, Rosemary Hua DeAragon, Tiger Fang, Gaurav Gupta, Christian Sutardi, Warren Tseng, Jonathan Wong, Nakul Malhotra, and Shaun Hon joined in.

🧮 Unlimited wants, scarce resources

Did you know that data-driven organizations are 19x more likely to be profitable and 23x more likely to acquire customers than others?

Yet, up to 73% of data in an enterprise goes unanalyzed. There simply isn’t enough time and expertise to analyze it all!

What do we mean?

  • Multiple skill sets required. Companies can have thousands to millions of rows of data, but analyzing them for in-depth insights requires someone with technical, finance, and accounting skills. That’s hard to find!
  • Not enough time. The cycle of planning and analyzing a company's financials for strategic decisions on average takes around a month, and involves too much back and forth communication. This leaves little time to take action.

🏠 Bunker down

Bye, oversimplified financial statements! Get to the itty-bitty details to make informed decisions without the weeks-long manual financial cycles and painful, mistake-prone work.

Bunker’s software app integrates with the financial systems you already use:

  • Xero, NetSuite, QuickBooks, Jurnal, Accurate, SAP — you name it!

From said systems, it creates detailed dashboards and reports to help you understand data at a transactional level. With Bunker’s analysis, you:

  • Save time. Improve data processing time monthly by 50 hours, and your duration from data collection to insights by one or even two weeks!
  • Save $$$. Cut annual operational expenses by 10%-15%.
  • Actually understand it all. Get monthly PDF reports made of automatically generated natural language bullet points, including charts and tables.

P.S. It can even attend to specific requests for analysis of a particular issue or to resolve a pain point!

🔨 Building a bigger bunker

Since launch, the software:

  • Processed over 2M rows of data across 3.5k accounts for its clients
  • Provided 20k insights to vendors, 10k to customers.

Starting with SEA! They already operate in Singapore, Indonesia, the Philippines and Hong Kong.

  • With the new $$$, they plan to expand further into SEA and add sophistication to its software to work with larger enterprises.

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