Shopbook, a Sri Lankan fintech startup, has secured US$ 150,000 from investors in Sri Lanka and Singapore, led by nVentures.
This funding will support the company’s mission to revolutionise bookkeeping for micro, small and medium enterprises (MSMEs) in Sri Lanka.
The platform aims to replace outdated paper based systems that waste valuable time on manual bookkeeping, which currently costs MSMEs up to three hours a day. The digital platform includes features like customer and supplier daybooks, cashbook management and inventory tracking.
Co-founders Aabith Sabeer and Mithushan Jalangan say that Shopbook’s goal is to empower Sri Lanka’s small businesses by streamlining operations, improving financial management and offering better access to credit.
Shopbook has already gained significant traction with over 20,000 downloads and more than 500,000 transactions processed to date. Its user-friendly interface is available in all three national languages, making it widely accessible across the island.
Looking ahead, the platform plans to expand by adding a marketplace for retailers and distributors, integrating payment wallets and developing a credit scoring system.
With Sri Lanka’s digital payment market growing rapidly, Shopbook is positioned to play a leading role in modernising MSME sector administration with potential to expand across South Asia.