TIPSOI IN 2025
A LANDMARK YEAR OF GROWTH, GLOBAL INNOVATION, AND STRATEGIC MILESTONES
Welcome to the 2025 Annual Wrap-Up!
As we close the chapter on 2025, we’re thrilled to share what’s been an absolutely transformative year for Tipsoi. From securing our first international investment to revolutionizing workforce management in remote crop fields and maritime vessels, this year marked a significant leap in our journey under Inovace Technology Ltd.
We’ve transitioned from a local leader to a globally recognized startup, proving that Bangladeshi innovation can solve $2.8 billion market challenges across emerging economies. And honestly? We’re just getting started.
Top News of The Year
THE JOURNEY: MONTH-BY-MONTH HIGHLIGHTS
MAY – JUNE: THE INTERNATIONAL SPOTLIGHT
May 2025 kicked off with a bang when we were selected for Accelerating Asia Cohort 11—our first international investment! This wasn’t just funding; it was validation that our product-market fit resonates globally.
Key Milestones:
- Global Investment: Selected for Accelerating Asia, marking our entry into the international startup ecosystem
- BRAC Nationwide Expansion (Phase 1): Deployed across 800 schools to replace slow, error-prone manual registers. The impact? Teachers could finally focus on teaching instead of attendance registers
- Tech Upgrades: Brain Station 23 upgraded to Fastface 5 for contactless, sub-1-second recognition. The Institution of Engineers, Bangladesh (IEB) implemented Fastface 5 Lite with real-time cloud sync
- Smart Kiosks: Launched a multilingual Visitor Kiosk System for Syngenta, revolutionizing guest registration and security for the global agriculture leader
2025 AT A GLANCE
- Total Reach: 1,000+ clients served across Bangladesh
- Funding Milestone: Raising USD 800,000 in a pre-seed round led by Accelerating Asia
- Project Volume: Successfully completed 100+ work orders in November alone
- Social Impact: 1,200 BRAC schools now fully automated, saving teachers 1,000+ hours monthly
- Global Presence: Showcased at major tech hubs in Singapore and Dubai
- Strategic Partnerships: Formed key alliances with DigiGO and Studins
- Industry Expansion: From RMG to agriculture, maritime to retail—we’re everywhere
Impact Story: Imagine a teacher in rural Bangladesh saving 30 minutes every day just on attendance. Multiply that by 800 schools. That’s the kind of change we’re talking about.
JULY – AUGUST: SCALING & STRATEGIC PARTNERSHIPS
Summer brought the heat—and we matched it with intensity!
Key Milestones:
- Industrial Automation: Omera Petroleum & Cylinders automated payroll for 1,500 workers across three factories with 16 devices (FastFace Pro and Lite). The integration with their existing ERP system? Seamless.
- Field Force Innovation: Serf Agro implemented mobile punch with geo-location to manage 70+ field employees scattered across districts
Reverse Innovation:
We’re not just solving Bangladesh’s problems. We’re solving universal challenges that resonate from Dhaka to Dubai to Detroit. The $2.8 billion workforce absenteeism gap? We’re closing it, one device at a time.
- Singapore Win: At the Accelerating Asia Demo Day, Tipsoi ranked in the top 10% of performers. The result? A 400% increase in investor inquiries within 48 hours, with scheduled meetings across five different countries
- Strategic Alliance: Formed a partnership with DigiGO to offer a unified cloud-based HR and payroll platform—bringing hardware + software into one powerful solution
SEPTEMBER – OCTOBER: GLOBAL SHOWCASES & IoT RESEARCH
Autumn was all about showing the world what Bangladeshi innovation looks like.
Key Milestones:
- International Security Expo Bangladesh (September): Live demonstrations of biometric systems for attendance and access control at Bashundhara International Convention City
- Dubai Expansion: Represented Bangladesh at Expand North Star 2025 (GITEX Global) at Dubai Harbour. We showcased AI-powered face recognition and IoT-driven automation to a Swiss Delegate Team, initiating discussions for expansion into the MENAT region
Energy Management:
Collaborated with Patuakhali Science and Technology University (PSTU) under the World Bank-funded EDGE Project to develop a Three-Phase IoT Meter. Factory owners can now monitor power consumption every 30 seconds and use AI for load prediction. Smart power = smart business.
Maritime Breakthrough:
United Shipping Lines BD adopted the FastFace Go Lite to track crew attendance and overtime remotely—even while ships are sailing at sea in low-network environments. Yes, we went offshore!
Reverse Innovation:
We’re not just solving Bangladesh’s problems. We’re solving universal challenges that resonate from Dhaka to Dubai to Detroit. The $2.8 billion workforce absenteeism gap? We’re closing it, one device at a time.
Retail Success: Pandamart enhanced accountability across 14 hubs, ensuring timely deliveries through centralized monitoring
Centralized Management: Quasem Industries PLC now manages 1,500–2,000 employees across multiple concerns (hospitals, lamp, and food factories) using cloud-based HRM and FastFace 5 Lite
NOVEMBER – DECEMBER: BREAKING NEW GROUND
The year closed with us entering entirely new sectors and hitting major milestones.
Key Milestones:
- Agricultural Pioneer: Entered the agriculture sector in Panchagar, using ruggedized portable biometrics with 10–12 hour battery life to track seasonal farm workers in open fields where no electrical infrastructure existed. From boardrooms to crop fields—that’s our range
- BRAC Phase 2: Following a 99.7% accuracy rate, the project expanded to cover all 1,200 schools nationwide, saving teachers over 1,000 hours monthly
- White-Label Success: Launched a first-of-its-kind partnership with Studins, where Tipsoi acts as the exclusive hardware provider for their school automation platform—initially powering 12 schools in Dhaka
Real Talk:
When a farm owner in Panchagar can track field workers from his smartphone while sitting at home, that’s when you know technology has truly democratized business management.
- RMG Sector Trial: Deployed AI-face recognition for Pacific Export Garments, achieving a 99.8% recognition rate and 40% reduction in shift change times. Buddy punching? Eliminated. Payroll discrepancies? Down by 15%.
- 100+ Work Orders: Celebrated reaching triple digits in successfully completed work orders
- Team Growth: Welcomed three senior leaders—Md Zamshedul Islam (Head of Finance), Harun Ur Rashid (Senior Product Manager), and Md. Toufikul Islam (Software Engineer)—to drive the next growth phase
FUNDRAISING & INVESTOR MOMENTUM: THE CAPITAL STORY
One of the most exciting developments of 2025 has been our fundraising journey, and the overwhelming response from the global investment community.
Pre-Seed Round: Building Our Investor Foundation
Following our selection into Accelerating Asia Cohort 11, we officially kicked off our pre-seed fundraising round. But here’s what makes this special: we didn’t just raise money; we onboarded strategic investors who bring more than capital, they bring networks, expertise, and credibility in our target markets.
Global Investor Interest: A Validation of Our Model
The response has been phenomenal. Our Singapore Demo Day performance (top 10% ranking) opened doors we never imagined:
- 400% increase in investor inquiries within 48 hours.
- Active conversations with VCs and Angels from the Middle East, particularly from the UAE and Saudi Arabia.
- Strong interest from Southeast Asian investors across Singapore, Indonesia, and Vietnam.
- Scheduled pitch meetings across five different countries.
- RMG Sector Trial: Deployed AI-face recognition for Pacific Export Garments, achieving a 99.8% recognition rate and 40% reduction in shift change times. Buddy punching? Eliminated. Payroll discrepancies? Down by 15%.
- 100+ Work Orders: Celebrated reaching triple digits in successfully completed work orders
- Team Growth: Welcomed three senior leaders—Md Zamshedul Islam (Head of Finance), Harun Ur Rashid (Senior Product Manager), and Md. Toufikul Islam (Software Engineer)—to drive the next growth phase
Strategic Investor Value
Our new investors aren’t just writing checks. They’re:
Opening doors to MENAT region expansion
Providing go-to-market guidance for Southeast Asia
KEY ACHIEVEMENTS OF 2025
Let's break down what made this year legendary:
Operational Consistency
We didn’t just have a few good months—we delivered consistently across all 12 months. Growth wasn’t a spike; it was a steady climb.
Regional Leadership
We’ve established Tipsoi as the leading workforce management solution for emerging markets. While Western enterprise software struggles with adoption and cost-effectiveness in our region, we’re thriving because we understand the ground reality.
Industry Diversification
From education (BRAC) to petroleum (Omera), maritime (United Shipping), agriculture (Panchagar), RMG (Pacific Export), retail (Pandamart), and healthcare (Quasem)—we’re sector-agnostic. Good technology works everywhere.
Rugged Innovation
We developed “offline-first” designs that allow our hardware to function in the harshest environments. Monsoon-heavy crop fields? Check. Unstable maritime networks? Check. Low-infrastructure remote factories?
Strategic Partnerships
DigiGO for cloud HR, Studins for white-label school automation, PSTU for IoT research—we’re not building alone. We’re building an ecosystem.
IMPACT & VALUE CREATED
Our technology isn’t just about tracking time; it’s about transparency and trust.
Here’s what that means in real numbers:
- 1,000+ hours saved for BRAC teachers monthly
- 15% reduction in payroll discrepancies for Pacific Export
- 40% faster shift changes in RMG sector
- Real-time visibility for United Shipping’s maritime operations
- 99.7–99.8% accuracy across deployments
But beyond numbers, here’s the human impact:
- A teacher in Rangpur can now spend 30 more minutes on lesson planning
- A factory manager in Gazipur can eliminate buddy punching and ensure fair wages
- A farm owner in Panchagar can manage seasonal workers without being physically present
- A shipping company can track crew overtime transparently, improving both accountability and worker satisfaction
Whether it’s helping a farm owner manage field workers from his phone or enabling Omera to handle 1,500 workers across multiple cities, Tipsoi has brought real-time clarity to the world of work.
LOOKING AHEAD: VISION 2026
Series A Closure
Finalizing our next major funding round to fuel aggressive regional expansion. The pre-seed was just the beginning.
International Markets
Bringing our proven Bangladeshi methodology to India, Indonesia, Vietnam, and the Philippines. These markets face the same challenges we’ve already solved—and we’re ready to scale.
Sustainability Focus
Integrating environmental impact tracking into our systems. How much paper did your company save? How much energy did you optimize? Sustainability will be measurable.
Predictive AI
Advancing our IoT solutions to offer predictive maintenance and load forecasting for the industrial sector. Imagine knowing when a machine will fail before it fails. That’s where we’re headed.
Deeper Industry Penetration
While we’ve entered agriculture, maritime, and RMG, 2026 is about going deeper—from trials to full-scale deployments, from dozens to hundreds of clients per sector.
CLOSING NOTE:
This year has been nothing short of extraordinary, and we couldn’t have done it without you. Together, we’ve proven that the problems we solve are shared across borders, and the opportunity for innovation is limitless. Here’s to 2026—a year of bolder moves, bigger impact, and breaking new ground.
Happy New Year from the Tipsoi Team!
Thank you to:
- Our 1,000+ clients who trusted us with their most critical business operations
- Our partners at Inovace Technology Ltd. for unwavering support and strategic guidance
- Accelerating Asia for believing in Bangladeshi innovation when it mattered most
- Our incredible team members who worked tirelessly across fields, factories, and offices
- Every investor, mentor, and supporter who joined us on this journey