# Bizzi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bizzi

- Industry: Software
- Headquarters: Ho Chi Minh City, Vietnam
- Website: www.bizzi.vn
- Total disclosed funding: $3.6M
- Latest round: Seed (Oct 7, 2021)
- Investors on record: 4

## About

Bizzi is a financial technology company specializing in automating cash flow management processes to enhance operational efficiency for businesses across various sectors.Founded in 2019 in Ho Chi Minh City, Vietnam, Bizzi focuses on financial automation solutions. The company has raised USD 3.57 mn in Seed funding, led by 500 Global, with participation from investors such as Do Ventures and Money Forward, Inc. The founder, Nghia Vu, has a history of entrepreneurship, contributing to Bizzi's innovative drive.Bizzi offers a comprehensive suite of products aimed at streamlining business cash flow management through automation and digitalization of financial processes. Their core product, Bizzi Bot, employs Robotic Process Automation (RPA) augmented by artificial intelligence to facilitate the rapid processing, verification, and reconciliation of invoices. This technology allows organizations to efficiently manage their expense tracking, accounts receivable, and B2B payment processes, ultimately freeing up time for business development. Bizzi’s solutions are designed to enhance operational efficiency and accuracy for a diverse clientele, including businesses in various sectors such as retail and finance. The company primarily serves markets in Vietnam and other Southeast Asian countries, leveraging its innovative approach to improve financial management for its users.In 2023, Bizzi generated revenue of USD 314,415.70, while reporting an EBITDA of USD -461,408.70. The company’s B2B model offers automation solutions to enterprises, typically through subscription agreements, which enhance their financial management capabilities. Bizzi’s offerings include features like expense management and automated invoice processing, tailored to meet the needs of businesses of varying sizes.Bizzi plans to utilize its recent funding of USD 3.57 mn, secured in October 2021, to expand its product offerings and enter new markets. The company aims to develop additional features for its Bizzi Bot, targeting a launch in late 2024. Additionally, Bizzi is exploring opportunities to expand its services into other Southeast Asian countries by 2025, enhancing its presence in the region. The recent funding will support product development and market expansion initiatives.

## Funding rounds

- Seed, Oct 7, 2021, $3.6M — 500 Global, Money Forward, Inc., Qualgro, Do Ventures

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Money Forward, Inc. — Seed
- Qualgro (https://capitalatlas.ai/funds/qualgro) — Seed
- Do Ventures (https://capitalatlas.ai/funds/do-ventures) — Seed