Mr. Vu Trong Nghia is currently the CEO & Co-Founder of Bizzi - Lean cost management platform for businesses. Before founding Bizzi, he held many senior positions at prestigious multinational corporations: brand director at GlaxoSmithKline, marketing director at Dairy Queen. He is the one who paved the way to bring a global brand like Dairy Queen into the Vietnamese market.
Receiving a Fulbright scholarship to study MBA in the US gave him the opportunity to interact with many US technology startups and really care about B2B SaaS when understanding the dilemmas of companies around the world in managing. cash flow and expenses, especially in Vietnam.
After graduating from an MBA with Honors, Mr. Nghia decided to return to Vietnam and ignited his intention to start a business in the field. B2B SaaS. At that time, the Vietnamese government required all companies to apply e-invoices from July 2022, Mr. Nghia said. This is a great opportunity to come up with a solution Optimize operations for the finance - accounting department of Vietnamese enterprises, where there is still a lot of manual work.
Regarding the decision to establish Bizzi, Mr. Nghia shared that this was a brave decision for him as he was able to become an investment consultant or work at a company abroad with a high salary. after graduating from MBA.
In September 2019, Mr. Nghia and his associates began to lay the first bricks for Bizzi. After 6 months, Bizzi had its first customer, a famous convenience store chain from Korea GS25. Another thing that helps confirm the position as well as the ability to go further in the future of Bizzi, Mr. Nghia and his teammates were invested by 500 Startups after only 2 days of meeting at the seed stage. This was followed by a successful fundraising process of Pre-Series A worth 3 million USD from Money Forward, Do Ventures and Qualgro.
After the journey to conquer Vietnamese investors and business community, in 2021 Bizzi received the Top 10 digital startup award of the Vietnam Software and IT Services Association (VINASA) and at the end of the year received the award again. Digital Transformation Award in Singapore by SwissCham and Deloitte – Bizzi is also the only Vietnamese company to win this award.
Talking about the fear of failure when up to 99% startups will fail in the first 3 years, CEO Bizzi determined that failure is obvious. However, what is more important to him is how to learn and develop quickly so that he does not become an "obstacle" affecting the growth rate of the company.
Besides product development activities to meet the needs of customers and the market, Bizzi also accompanies BSSC Youth Startup Support Center and YBA Young Entrepreneurs Association to join hands to support businesses to transform. number. Mr. Vu Trong Nghia said, “Bizzi contributes to accelerating the digital transformation process with a suite of digital cost management solutions that support founders and financial accounting teams with remote control and the ability to automate processes. accounting program.”
Bizzi not only solves the pain of accounting but also contributes to hundreds of trees to live. From 2019 to now, the solution to automate invoices and digitize cost management for businesses has successfully processed and helped businesses cut consumption of a total of 4 million paper bills, equivalent to 400 trees. .
With the foresight and decisive ability of CEO Vu Trong Nghia, after 3 years of establishment and development, Bizzi owns more than 1200 corporate customers, with 160+ large corporations/organizations including Grab, GS25 , Tiki, Guardian, Sabeco, Pharmacity, P&G, PNJ, Mondelez, VNG, Circle K, Family Mart,… and 38,000 suppliers are using the platform every day.
According to YBA – HCM Gia Dinh
