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Tokyo Startup Nabs Big Backing For The SME Cloud

Venture capitalists are placing hundreds of thousands of dollars in a Japanese startup linking corporate back office functions to the cloud. VentureBeat reports published Sunday (Nov. 15) revealed Bizer, the cloud-based SME platform operated by BizGround, has raised $815,000 from backers.

[bctt tweet=”Bizer has raised $815,000 from backers.”]

Investors include big names like Salesforce Ventures and Incubate Fund, reports said. The Tokyo-based company provides cloud software for small and medium-sized businesses that need to streamline their back office functions and ease the friction of piles of paperwork.

According to reports, Bizer first emerged as a cloud platform to link corporations to advisors in the legal and accounting realms. Soon, however, it expanded its offerings to automate processes for SMEs.

For example, the platform automates data entry and paperwork generation for submission to government officials. Reports said Bizer wants to eventually become an all-encompassing back office solution provider to automate tasks for companies.

The funding follows several weeks after top corporate treasury officials spoke at EuroFinance 2015 to discuss cloud technology. Experts mused on the power of automation for cloud-based treasury systems, as well as its ability to scale with the growth of a corporation.