The developer of Bizzi, a software as a service (SaaS) that simplifies invoice processing, has successfully raised US$3 million during a pre-Series A round.

The sum will be pumped by a consortium led by Japan’s leading FinTech/SaaS firm Money Forward, with the participation of Do Ventures from Viet Nam and Qualgro from Singapore.

The robotic process automation (RPA) technology and machine learning of Bizzi help cut 80 per cent of processing time and 50 per cent of the cost in invoice handling, while increasing transparency and tax obligation among businesses.

Bizzi is the first company in Viet Nam to offer automation solutions for invoice processing via artificial intelligence and RPA technology. Its platform can be integrated with existing accounting solutions and connect service providers with customers to automatise financial procedures.

Executive Officer/CSO at Money Forward Kanto Tatsuya said Bizzi has created a huge impact by helping thousands of firms in digital transformation.

The Japanese mobile application software developer will support Bizzi to build the largest account book software in Viet Nam based on experience from its own Money Forward Cloud, he added. — VNS