Japan’s accounting startup Freee raises $6M from Pavilion Capital and Recruit Holdings



Tokyo-based Freee, a startup that provides cloud-based accounting platform under the same name, just announced today that it has fundraised 630 million yen (about $6 million) from Singapore-based Pavilion Capital and Japan’s Recruit Holdings. Pavilion Capital is a subsidiary of Singapore’s state-backed investment conglomerate Temasek Group. This follows their previous funding of $8 million from US-based DCM and Japan’s Infinity Venture Partners.

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Coinciding with this announcement, the company added an expense reimbursement feature to the platform, which allows users to streamline their expense reimbursement process by scanning receipts with their smartphone camera. This feature is available with an iOS app, but an Android version and a desktop interface will also support the feature.

via CNET Japan