Home Meet Bizzi, an RPA Startup from Vietnam

Meet Bizzi, an RPA Startup from Vietnam

by sol-admin

Robotic process automation technology is getting more and more ubiquitous. Vietnam has never been an advanced country in terms of the new digital era, nevertheless, RPA has a presence there as well. One of the pioneers in the Vietnamese RPA market is a startup named Bizzi, the first company in Vietnam to offer automation solutions for invoice processing via AI and RPA technology. Its platform can be integrated with existing accounting solutions and connect services providers with customers to automatize financial procedures.

Recently, the developer of Bizzi, a software as a service (SaaS) that simplifies invoice processing, has successfully raised 3 million USD 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 Vietnam and Qualgro from Singapore.

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

Co-founders of Bizzi Vu Trong Nghia and Nguyen Bao Nguyen (both pictured) said the new investment will help them bolster the product’s functions and expand the customer network. They underscored that Vietnam remains the firm’s key market in the near future, and it will consider the possibility to expand to the Southeast Asian market.

At present, Bizzi’s customers include Grab super app, Circle K convenience store chain, and Tiki e-commerce platform, among others. Total values of invoices handled through Bizzi exceed 300 million USD per month.

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