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Bizzi – e-invoice startup has successfully raised a Pre-Series A funding round worthen US$3 million from Japan Money Forward, a venture capital fund by Do Ventures and the previous round investor of Qualgro from Singapore.

The new capital will be used by Bizzi to enhance the product’s features and expand its client network. Bizzi’s market focuses on Vietnamese businesses with consideration of expansion into Southeast Asian markets with a similar question.

It is known that Bizzi is a pioneer startup in bringing a streamlined invoice management process to enterprises of all sizes, becoming an effective support tool for the finance and accounting staff, especially in the context of the Covid-19 with drastic changes in the business operation. The challenge forces enterprises to look for innovative digital technologies with a view to cut costs and optimize their business results.

It is consistent with the Government’s digitalization efforts which require businesses to use e-invoices in both the public and private sectors from 1/7/2022.

Launched in Vietnam at the end of 2019, Bizzi is the first startup in Vietnam to provide invoice processing automation solutions through AI applications and robotic process automation (RPA).

The platform can integrate with existing accounting solutions and connect suppliers and clients to automate financial processes such as checking, reconciliation and bill payment, etc. currently, Grab, GS25, Circle K, Tiki, Guardian, Medicare, Pharmacity and 100 other units are Bizzi’s major clients in addition to 4,000 suppliers daily using the same platform, total value of invoices processed on monthly basis through the Bizzi platform reaches more than US$ 300 million.

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