Nukleus Ventures Sdn Bhd

Nukleus Ventures Sdn Bhd specializes in providing cloud-based accounting and invoicing software tailored for small and medium enterprises (SMEs) in Malaysia, enabling businesses to streamline their financial processes effectively. Nukleus Ventures Sdn Bhd is focused on delivering cloud-based accounting solutions. The company was co-founded by Agusta Ks and Jye Eng, with Agusta Ks also serving as the CEO. The headquarters is located in Kuala Lumpur, Malaysia.

In March 2021, the company raised USD 175,000 in venture funding, marking its first funding round. The total amount raised by the company to date is USD 0. 17 mn. Bukku delivers a comprehensive cloud-based accounting and invoicing software designed specifically for SMEs in Malaysia.

It features automated accounting functions, facilitating invoice generation, expense claim management, and bank reconciliations. Bukku's unique automated e-invoice solution complies with LHDN E-Invoice requirements and integrates with Peppol to enhance business processes. The platform provides real-time insights, allows for professional invoice creation via email or WhatsApp, and supports real-time inventory tracking, all while generating over 50 financial reports. Bukku targets SMEs across various sectors, particularly those seeking user-friendly accounting solutions without requiring extensive accounting knowledge, as well as startups and established businesses in the Malaysian market seeking cost-effective solutions.

In the most recent fiscal year of 2023, Bukku reported revenue of USD 242,563. 80. The company operates on a subscription-based revenue model, catering primarily to SMEs with diverse pricing plans. This includes a free invoicing solution for new startups, while established SMEs can access advanced features through various paid subscription tiers.

Clients engage with Bukku's platform via monthly or annual subscriptions, which encompass services such as invoicing and inventory management, ensuring seamless transaction processing and compliance with local regulations. Looking ahead, Nukleus Ventures Sdn Bhd plans to utilize its recent funding from March 2021 to enhance its product offerings and explore expansion into new markets. The company is focusing on developing new features for its cloud-based accounting software, although specific release dates have yet to be announced. Additionally, there are intentions to broaden its reach into international markets, with particular emphasis on Southeast Asia, by the end of 2023.

The funding will support these initiatives, facilitating product development and market entry strategies.