Singapore-based payables software firm Spenmo reported a net loss of S$11 million ($8.25 million), up nearly 7.4x year on year, for the financial year ended December 31, 2021, shows its recent regulatory filing.
The Tiger Global-backed company’s annual revenue jumped tenfold to S$302,575 (about $230k) in FY 2021, according to its filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA).