Victor Lysenko is stepping down as founder and CEO of Osome after more than eight years leading the Singapore headquartered business and financial management platform.

He announced his departure in a LinkedIn post, describing the decision as bittersweet and noting the company’s growth since he started it in 2017.

Lysenko said Osome has expanded into Singapore, Hong Kong, the United Kingdom and the United Arab Emirates.

The company reached profitability in the fourth quarter of 2024, supported by a 25 percent increase in annual revenue and a 60 percent improvement in annualised EBITDA.

Osome raised over US$17 million in a Series B extension in May 2024 from new and existing investors.

In his announcement, Lysenko thanked employees, clients and investors for their support and said he was confident the leadership team would continue to expand the business.

He said he plans to pursue new opportunities after leaving the company.

Featured image: Edited by Fintech News Singapore, based on image by Frolopiaton Palm via Freepik