SESAMi

Name

SESAMi

Legal name

SESAMi (Singapore) Pte Ltd

Website

https://sesami.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

B2B E-Procurement Software

NAICS

Custom Computer Programming Services (541511), Sales Financing (52222), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

B2B/EDI & Supply Chain Process Automation Platforms (HDAEAHAK)

akta.pro secondary industries

B2B / Invoice-Based BNPL (Trade Credit at Checkout) (FSAGAIAC), Trade & Invoice Payments (Cross-Border B2B) (FSAMAIAL)

Keywords

• E-procurement software
• E-invoicing services
• Peppol access point
• Supply chain financing
• B2B procurement marketplace

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Subscription Fees: Annual subscription fees for platform access and e-procurement services, charged per user or per organization.
2. Freemium to Premium Upsell: Free Peppol Connect Freemium plan for Malaysian SMEs (10,000 documents/year free for first year), with paid Pro plans starting from RM5,000 annually for higher volumes and API integration.
3. InvoiceNow/E-Invoicing Services: S$199/user per annum for InvoiceNow solution with free FOC package available for B2B and B2G transactions from April 2025 to March 2027.
4. Procurement Software Tiers: InvoiceKey pricing at $40/month (Individual) and $150/month (Team); Supplier plans at $199 (1 year), $279 (2 years), $319 (3 years).
5. After-Year-1 Freemium Charges: After first year, Freemium plan becomes chargeable at RM200/year per user license plus RM0.05/invoice.
6. Supply Chain Financing: Revenue generated through financing partnerships where suppliers access working capital; SESAMi earns fees from facilitating transactions between buyers, suppliers, and financial institutions.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels7 records

Core offering

SESAMi provides a cloud-based B2B e-procurement and e-marketplace platform that enables businesses to manage their sourcing, tendering, contract, purchase order, e-invoicing, and supply chain financing processes online. The platform operates as an IMDA-accredited Peppol/InvoiceNow Access Point in Singapore and an MDEC-accredited Peppol Access Point in Malaysia, with over 16,000 businesses connected, 15,000+ suppliers accessible, and S$6 billion+ in e-POs transacted annually.

Product overview

SESAMi operates as a modular platform-plus-services architecture centered on its SESAMi World Connect cloud-based e-procurement platform. The core E-Procurement suite includes SourceKey (e-sourcing), ContractKey (contract management), ProcureKey (purchase order management), and InvoiceKey (e-invoicing). These are complemented by dedicated e-invoicing products—InvoiceNow for Singapore (Peppol-based, IRAS GST compliant) and Peppol Connect for Malaysia (MDEC-accredited, LHDN MyInvois compliant). E-Financing provides supply chain financing through Capital Match integration and partner banks. The Corporate Fleet Card (via subsidiary Abecha) extends demand aggregation services. The June 2022 acquisition of MyBiz Solutions expanded the portfolio with additional procurement, tender, auction, and supplier management capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• MyBiz: Advanced e-Procurement systems and digital platforms for organisations to manage procurement, tenders, auctions, contracts, and supplier data.
• Abecha
• Capital Match

Products and services

• SESAMi World Connect Cloud-based public e-procurement portal connecting buyers with 15,000+ suppliers, supporting tender/RFQ publishing, e-PO, e-Invoice, and e-Financing under a single User ID. Available as a public marketplace and as private label portals for enterprise clients.
• E-Procurement Comprehensive electronic procurement solution enabling organizations to streamline sourcing and transaction management through automated workflows, supplier management, and real-time analytics.
• InvoiceNow Singapore nationwide e-invoicing network operating on the Peppol framework, enabling standardized GST InvoiceNow submissions compliant with IRAS requirements. SESAMi is the largest InvoiceNow Access Point Provider in Singapore with 16,000+ businesses connected.
• SESAMi Peppol Connect MDEC-accredited Peppol Access Point for Malaysian businesses to send and receive e-invoices via Peppol network, fully compliant with LHDN MyInvois requirements. Offers Freemium plan (free for 12 months, up to 10,000 documents/year) and PRO plans (from RM5,000 annually) with API integration for SAP, Oracle, Xero.
• E-Financing Integrated B2B supply chain financing solution enabling suppliers to obtain working capital by financing e-invoices and e-POs through partnerships with OCBC, CIMB, Luminor Finance, and Capital Match.
• Corporate Fleet Card (Abecha) Corporate and employee fleet cards offering exclusive fuel discounts and cashless transactions at Esso stations across Singapore. Provided by Abecha, a wholly-owned subsidiary of SESAMi offering demand aggregation services with 30,000+ fleet card holders.
• SourceKey
• ContractKey
• ProcureKey
• InvoiceKey
• MyBiz Solutions Advanced e-Procurement systems and digital platforms for organisations to manage procurement, tenders, auctions, contracts, and supplier data, including RFQ, eTendering, eBidding, Supplier Management, Contract Management, and Procure-to-Pay.

Quantifiable outcome

• Over S$6 billion of e-purchase orders processed annually on the platform
• +5 more outcomes

Named customers25 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and historical.

• MyBiz SolutionscoreStrategic or Co-development Partner · 1 June 2022SESAMi Holding acquired MyBiz Solutions Sdn Bhd in June 2022 in an all-cash deal. MyBiz provides e-procurement solutions in Malaysia and is the entity behind the SESAMi Peppol Connect Malaysia service. The acquisition enhanced regional market footprint and service offerings.
• JTC CorporationhistoricalStrategic or Co-development PartnerJTC signed JV MOU in December 2000 with Microsoft, NCS, and SESAMi to create Singapore's largest e-procurement for the manufacturing industry. SESAMi later bought over JTC's majority shares in 2004, making Abecha a wholly-owned SESAMi subsidiary.
• System IntegratorscoreImplementation/ SI/ Consulting PartnerPartnership with system integrators to implement and deploy SESAMi's e-procurement solutions for enterprise customers requiring custom integration.
• ERP Principals and ResellerscoreChannel Partner/ Reseller/ DistributorPartnership with ERP principals and resellers to integrate SESAMi's procurement solutions with enterprise ERP systems (SAP, Oracle, Microsoft Dynamics, Xero).
• Accounting SystemscoreTechnology or IntegrationIntegration partnerships with accounting systems providers to enable seamless e-invoice flow and financial data synchronization.
• Banks and Financial InstitutionscoreChannel Partner/ Reseller/ DistributorPartnerships with banks and financial institutions to distribute supply chain financing products to the SESAMi supplier community.
• IMDA (Info-comm Media Development Authority)coreStrategic or Co-development PartnerIMDA-accredited Access Point Provider for Singapore's InvoiceNow network. SESAMi provides PEPPOL Receiver AP Services for government agencies and participated in the InvoiceNow Partner Awards.
• MDEC (Malaysia Digital Economy Corporation)coreStrategic or Co-development PartnerMDEC-accredited Peppol Access Point for Malaysia, enabling SESAMi to provide LHDN MyInvois compliant e-invoicing solutions across Malaysia. MDEC accreditation includes Freemium Solution Provider status.
• AbechacoreStrategic or Co-development PartnerJoint venture between JTC, Microsoft, and SESAMi in 2001. SESAMi bought over JTC's majority shares in 2004. Abecha now wholly-owned subsidiary providing demand aggregation and fleet card services with 30,000+ fleet card holders.

Scale indicators14 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• SAP Ariba: SAP's source-to-pay suite is the global incumbent in B2B procurement and e-invoicing, competing directly with SESAMi for large enterprise and government deployments in Singapore and Malaysia. Both serve source-to-pay workflows including sourcing, contracts, POs, invoicing, and supplier financing.
• Coupa Software: Coupa offers a cloud-based business spend management platform covering procurement, invoicing, and expense management. It targets similar mid-to-large enterprise buyers globally and competes for the same source-to-pay wallet share that SESAMi serves in ASEAN.
• Jaggaer: Jaggaer provides end-to-end source-to-pay and supplier management solutions comparable to SESAMi's SourceKey/ContractKey/ProcureKey/InvoiceKey stack. It serves large enterprises including public sector buyers that overlap with SESAMi's government customer base.
• Basware: Basware operates an AP automation and e-invoicing network directly comparable to SESAMi's InvoiceNow/Peppol Connect offering. Both serve as access points on open e-invoicing networks and compete for finance-driven buyer mandates in multinational enterprises.
• Tradeshift: Tradeshift operates a B2B e-invoicing and procurement network connecting buyers and suppliers globally, with comparable supply chain financing integrations. It overlaps with SESAMi on marketplace, e-invoicing, and financing capabilities for cross-border trade flows.
• Pagero (Tungsten Automation): Pagero is one of the largest global Peppol access point operators and a direct competitor to SESAMi in Singapore and Malaysia's Peppol/InvoiceNow ecosystem. It provides the same accredited access point services that anchor SESAMi's e-invoicing business.
• Ivalua: Ivalua provides a unified source-to-pay platform comparable to SESAMi's e-procurement suite, often deployed in mid-market and large enterprises. It targets similar procurement transformation use cases with similar ERP integration capabilities.
• GEP: GEP offers SMART by GEP, a source-to-pay cloud platform, alongside procurement consulting. It competes with SESAMi for large enterprise procurement transformation mandates, particularly in regulated industries and government adjacent accounts.
• Proactis: Proactis provides source-to-pay and spend management solutions focused on mid-market organizations, comparable to SESAMi's mid-tier InvoiceKey and SourceKey offerings. It overlaps in B2B procurement automation for organizations seeking ERP-integrated purchasing workflows.

Emerging players

• Storecove: Storecove is a Peppol access point provider and e-invoicing network operator with a narrower focus than SESAMi but overlapping in the same Singapore/Malaysia mandate-driven e-invoicing segment. It represents a focused competitor for SME access point volume.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@SESAMiGroup

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SESAMi