Vietnamese FinTech Bizzi sets sights on Southeast Asia

Vietnam-based bookkeeping platform Bizzi has reportedly netted $3m in funding, as it hopes to expand in the region.

The investment was led by Money Forward, with commitments also coming from Qualgro and Do Ventures, according to a report from Tech in Asia.

With the support of the capital, Bizzi hopes to grow its customer base and build new functions and features for its platform. As part of its growth plans, Bizzi is looking to move into new markets across Southeast Asia.

Bizzi, which was founded in 2019, helps companies automate financial processes, such as paying bills, receipt scanning, compliance and bookkeeping through robotic process automation technology.

The FinTech company previously raised an undisclosed seed investment in 2020, from 500 Startups and a group of unnamed angel investors.

Earlier in the year, fellow Vietnamese FinTech company MFast closed its pre-Series A on $1.5m. The round was led by Do Ventures, with support also coming from Japanese private equity firm Jafco.

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