Vietnamese tech startup Bizzi.vn has raised an undisclosed amount from 500 Startups and some angel investors while Malaysia-based accelerator and VC firm NEXEA Angels has collaborated with the Malaysia Digital Economy Corporation to launch the Entrepreneurs Programme.
Vietnam’s Bizzi.vn raises funding from 500 Startups
Bizzi.vn, a Vietnam-based accounting automation tool, has raised an undisclosed amount from 500 Startups along with other angel investors, according to a statement.
Founded by Nghia Vu and Nguyen Nguyen, Bizzi.vn aims to digitize the financial operations of small and medium enterprises. The company claims that its tool can cut time and costs spent on daily financial processes by as much as 80%.
“In a very short period of time, the Bizzi team has built an international product and global customer base with superior technology compared to legacy fintechs — we’re excited about what’s to come from this company,” said Eddie Thai, General Partner of 500 Startups Vietnam.
In Southeast Asia, 500 Startups manages two Durian funds totaling $49 million to back regional startups, as well as country-focused funds for Thailand and Vietnam. The Vietnam fund was oversubscribed and closed at $14 million, while 500 TukTuks is seeking to raise $20 million for its second vehicle, following a $15-million first fund.
Malaysia’s NEXEA Angels and MDEC launch Entrepreneurs Programme
Malaysia-based accelerator and VC firm NEXEA Angels has collaborated with the Malaysia Digital Economy Corporation (MDEC) to launch the Entrepreneurs Programme – an exclusive private forum for CEOs of local startup companies to learn and grow together, according to an announcement.
The new programme offers peer-to-peer learning to help startup CEOs to find a solution to their business challenges. Besides, it also provides experienced mentors as well as an exclusive monthly full-day meeting.
Nearly 20 CEOs from local startups are currently enrolled in the programme that started this month. MDEC is part of this initiative as the sponsor of the programme.
“The concept of peer-to-peer CEO groups that we’ve introduced in our Entrepreneurs Programme is beneficial to the participants. We are gathering CEOs in an exclusive forum so they can directly gain the perspectives of their peers who may already have experience in solving similar issues. This is important because making an executive decision can be tough for new entrepreneurs, especially when faced by unprecedented situations such as the Covid-19 pandemic,” said Ben Lim, Managing Partner of NEXEA.
NEXEA is a startup investment company that supports technology firms with the potential to scale up. To date, it claims to have invested in more than 35 companies, including Red Dino Ventures, Smartly, YogaTrail, EzySpark and Lapasar.
