About Bob & Co Business Consulting
Industry: Professional Services
Company size: 1-50
Product used: Business Account, Business Loan
In 2013, Bob Ng started his accounting firm, Bob & Co Business Consulting, as a side hustle while working full-time. A Singapore-based business advisory firm, it supports SMEs across industries such as trading, retail, e-commerce, and food and beverage with a range of services including accounting, tax, payroll, and corporate services. He poured time and effort into building it, and over time, the business began generating more income than his main job. That was when he decided to take the leap and focus on it fully to help business owners manage their day-to-day operations more efficiently.
The Challenge
Growth brings new pressure on cash flow
For several years, the business grew steadily. Then COVID-19 changed everything.
As a digital accounting firm, Bob & Co Business Consulting was already set up to work remotely. But what stood out was how quickly clients adapted. Businesses that were once hesitant about cloud accounting suddenly had no choice but to adopt it. Demand increased rapidly as more companies looked for digital solutions.
Growth came quickly, but it also brought new challenges. The team expanded from a close-knit group of five to seven people to 35 employees across four countries. Hiring the right people, training them, and keeping everyone aligned with the firm’s values took time and effort. At the same time, managing a larger client base meant dealing with more delayed payments. Initially, cash flow wasn’t a major issue, but it became tighter as the business scaled.
“When you’re growing, cash flow can get tighter. And as a founder, you need options.”
The Solution
Faster access to funds without the hassle
Bob first heard about ANEXT Bank through his network, even before it officially launched. He was curious about alternatives to traditional banks, especially as he had seen how complex and time-consuming their processes could be. ANEXT Bank’s fully digital onboarding process created no need for repeated paperwork or branch visits, which made a big difference for a growing business where time matters.
“Opening an ANEXT Business Account was very quick, five minutes for it to be approved. And applying for a business loan was just as fast, where approval took just one to two minutes.”
What stood out even more was the speed of financing. When Bob applied for a business loan, approval took just one to two minutes. Compared to traditional banks, where applications can take days or longer, this gave him immediate access to funds when needed.
That speed translated into flexibility. Instead of waiting on approvals or adjusting plans around banking delays, Bob could respond quickly to business needs. Whether it was managing short-term cash flow gaps or supporting growth, he had more control over his decisions.
At the same time, ANEXT Bank’s strong compliance standards resonated with him as an accounting professional. Because of this experience, Bob began recommending ANEXT Bank to his own clients. Today, 10 to 20 of them use ANEXT’s Business Account as their primary business account.
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[ANEXT Bank is] digital-first, but still strict on compliance – which is important to me. Today, 10 to 20 of [my clients] use ANEXT’s Business Account as their primary business account.”
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As an advisor, he values solutions that genuinely help businesses run better. For him, it’s not just about convenience, but about whether a solution adds real value.
The Result
More flexibility to grow with confidence
With quicker access to financing and a smoother banking experience, Bob & Co Business Consulting gained more flexibility in managing its finances.
This allowed the business to:
- Manage cash flow more comfortably during its growth phases
- Make faster decisions without waiting on banking processes
- Focus more on clients instead of administrative tasks
Today, the firm operates across Singapore, Malaysia, and Cambodia, and is exploring opportunities in the Middle East.
But beyond expansion, what matters most to Bob is the role he plays in his clients’ journeys.
He doesn’t see himself just as an accountant. He sees himself as an advisor, a partner, and sometimes even a friend. Over the years, he has worked with clients who started as solo founders and grew into businesses generating SGD2 million to SGD3 million in annual revenue.
“When my clients grow, we grow as well,” Bob says. This belief shapes how he runs his firm and the kind of partners he chooses to work with.
Looking ahead and staying open to new opportunities
Even as the business grows, Bob remains focused on building for the long term.
He believes that businesses should be designed to scale beyond the founder, with systems in place that allow them to grow sustainably. At the same time, he encourages other business owners to stay open to new ideas and opportunities.
In a competitive market like Singapore, he sees expansion beyond local borders as a natural next step.
“Don’t stay comfortable. If you want to grow, you have to be open-minded.” This mindset has guided his journey so far, from starting as a side hustle to building a regional advisory firm. Having flexible, digital-first banking solutions like ANEXT made it easier for Bob & Co Business Consulting to manage operations, seize opportunities quickly, and support growth across borders.
Take your business further with ANEXT Bank
From daily operations to bold expansion plans, the right banking partner can help you move faster and stay flexible.
