Bizzi, a Vietnamese Software-as-a-Service (SaaS) platform, raised $3 million in a pre-Series A investment led by Money Forward, a major Japanese FinTech/SaaS firm.
Do Ventures, a local venture capital company, and Qualgro, a returning Singapore-based investor, took part in the investment round, which would go toward the firm’s product enhancement.
The fresh fund will be used to enhance the features and functionality of our product, and broaden our network of customers.
Company: Bizzi Vietnam Co., Ltd
Raised: $3.0M
Round: pre-Series A
Funding Month: October 2021
Lead Investors: Money Forward
Additional Investors: Do Ventures and Qualgro
Company Website: https://bizzi.vn/
Software Category: AI-powered Account payable automation
About the Company: Bizzi is the first mover in invoice processing automation solutions in Vietnam. Powered by AI and robotic process automation (RPA). Bizzi's unified platform can be seamlessly integrated with existing ERP/accounting solutions. It connects vendors and customers to automate financial processes namely bills payments, receipt scanning, compliance, and bookkeeping. Bizzi’s platform guarantees data encryption based on the conditions of the world's leading accounting firms. Applying ISO 27001 • an international standard that outlines best practices to help organizations manage their information security, Bizzi has successfully partnered with sizable clients with strict security requirements such as listed companies and multinational companies.
Source: https://www.startuplanes.com/bizzi-a-vietnamese-saas-company-has-received-3-million-in-funding-to-improve-its-product/ https://doventures.vc/insights/bizzi-banked-3m-in-the-pre-series-a-round-backed-by-money-forward-do-ventures-and-qualgro