Freee is the Tokyo-based startup behind a cloud-based accounting solution. Readers may recall it has previously raised seed funding worth 50 million yen (about $523,000) back in December, and raised series A funding worth 270 million yen ($2.7 million) back in July.
They recently relocated their office, and we visited the new location to speak with Freee CEO Daisuke Sasaki and COO Sumito Togo to hear about their future plans.
The company recently partnered with Tokyo-based startup Ubiregi, integrating the Freee accounting platform with the latter’s cloud-based POS (point of sales) system earlier this month. For small retailers or restaurant owners, this integration lets you automate your back office tasks, ranging from daily cash to accounts. By making use of such a service, they can save a lot of time and refocus their efforts on providing a better experience for their customers.
In Japan, the penetration rate of cloud services is very low, not only at big companies but also at SMEs. Cloud services can easily provide up-to-date solutions for users. In order to encourage business people to change the paradigm of the Japanese business scene, we need to provide something more than cloud services. If we can create something special in the Japanese market, we can top the global market at the same time.
In the past for SME owners, when you bought software for your back office operations, you were forced to buy a cheap edition if you couldn’t pay high license fees. Many companies could not use the full features of software that enterprises were making the most of. We thought this was ridiculous and we wanted to develop solutions to help SMEs liberate themselves from routine tasks and use more time for doing creative jobs.
Their team is working on adding new features to the platform but paying attention to keeping it simple so that people who are not accounting-savvy can keep using them. In the future, they expect to add several features like an instant-submission income tax report, and automating payroll calculations.
On their 12-person team Freee has seven engineers, but is hiring new people who can work on a variety of issues ranging from mobile app development to server-side maintenance. If any of our readers are interested, feel free to contact the company via thier recruiting page.