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Misoca, Japan’s invoicing startup, reportedly to be acquired by software giant Yayoi

Junya Mori Junya Mori
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See the original story in Japanese. Yayoi, a Japanese major accounting software developer and a subsidiary of leading Japanese financial services company Orix (TSE:8591), is reportedly to acquire a whole stake in Japanese cloud-based invoicing startup Misoca for 1 billion yen ($8.9 million). The deal may be completed in this month. While Misoca has been offering participial integration with Yayoi’s cloud-based accounting platform since November 2014, the acquisition will accelerate the mutual integration between Misoca’s invoicing platform and Yayoi’s accounting software solutions. The Misoca platform lets a user edit and manage estimates, invoices, statements of delivery using a handy dashboard. A user can even ask the startup to print and mail these items to clients on the user’s behalf. Since their launch in June 2011, Misoca has acquired more than 58,000 corporate users. Previously known as Standfirm, Misoca secured a 30 million yen ($300,000) seed funding from Incubated Fund in September 2013, followed by securing a 70 million yen ($653,000) funding from SMBC Venture Capital and Incubate Fund in October 2014. In the latest funding round in May 2015, the company fundraised 20 million yen ($178,000) from several angel investors. Translated by Masaru Ikeda Edited by Kurt Hanson

bookkeeping

See the original story in Japanese.

Yayoi, a Japanese major accounting software developer and a subsidiary of leading Japanese financial services company Orix (TSE:8591), is reportedly to acquire a whole stake in Japanese cloud-based invoicing startup Misoca for 1 billion yen ($8.9 million).

The deal may be completed in this month. While Misoca has been offering participial integration with Yayoi’s cloud-based accounting platform since November 2014, the acquisition will accelerate the mutual integration between Misoca’s invoicing platform and Yayoi’s accounting software solutions.

The Misoca platform lets a user edit and manage estimates, invoices, statements of delivery using a handy dashboard. A user can even ask the startup to print and mail these items to clients on the user’s behalf. Since their launch in June 2011, Misoca has acquired more than 58,000 corporate users.

Previously known as Standfirm, Misoca secured a 30 million yen ($300,000) seed funding from Incubated Fund in September 2013, followed by securing a 70 million yen ($653,000) funding from SMBC Venture Capital and Incubate Fund in October 2014. In the latest funding round in May 2015, the company fundraised 20 million yen ($178,000) from several angel investors.

Translated by Masaru Ikeda
Edited by Kurt Hanson

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Japan’s cloud-based invoicing startup Misoca raises $653,000

Junya Mori Junya Mori
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See the original story in Japanese. Nagoya-based StandFirm, the startup behind cloud-based invoicing platform Misoca, announced today it has raised 70 million yen ($653,000) from SMBC Venture Capital and Incubate Fund. The company previously fundraised 30 million yen ($280,000) from Incubate Fund in September 2013. Misoca has been seeing an over 10% increase in user acquisition every month, and has acquired 20,000 businesses as users. The company launched a new service called Misoca Payment in August, allowing users to collect payments from their business accounts. Upon joining SMBC Venture Capital as a shareholder, Misoca is expected to strengthen this payment collection system. StandFirm CEO Ryuichi Toyoshi said they plan to provide solutions around the collection of claims using various solution methods, including an automated reconciliation system with “virtual banking accounts,” which is patented by Sumitomo Mitsui Bank, the parent company of SMBC Venture Capital. Misoca is partnered with cloud-based accounting services Freee and MoneyForward, and they recently announced that they will partner with Japanese accounting software giant Yayoi and Accounting SaaS Japan. StandFirm will use the funds to strengthen engineering, marketing, and management resources. They aim to integrate with more third-party services before and after invoicing to give users a…

misoca_featuredimage

See the original story in Japanese.

Nagoya-based StandFirm, the startup behind cloud-based invoicing platform Misoca, announced today it has raised 70 million yen ($653,000) from SMBC Venture Capital and Incubate Fund. The company previously fundraised 30 million yen ($280,000) from Incubate Fund in September 2013.

Misoca has been seeing an over 10% increase in user acquisition every month, and has acquired 20,000 businesses as users. The company launched a new service called Misoca Payment in August, allowing users to collect payments from their business accounts. Upon joining SMBC Venture Capital as a shareholder, Misoca is expected to strengthen this payment collection system.

StandFirm CEO Ryuichi Toyoshi said they plan to provide solutions around the collection of claims using various solution methods, including an automated reconciliation system with “virtual banking accounts,” which is patented by Sumitomo Mitsui Bank, the parent company of SMBC Venture Capital.

Misoca is partnered with cloud-based accounting services Freee and MoneyForward, and they recently announced that they will partner with Japanese accounting software giant Yayoi and Accounting SaaS Japan.

StandFirm will use the funds to strengthen engineering, marketing, and management resources. They aim to integrate with more third-party services before and after invoicing to give users a better experience.

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Japan’s cloud-based invoicing platform Misoca raises $300,000

Junya Mori Junya Mori
SHARE:

See the original story in Japanese. Nagoya-based Standfirm, the startup behind cloud-based invoicing platform Misoca, recently announced that it has raised 30 million yen (about $300,000) from Incubate Fund. The platform lets you to edit and manage estimates, invoices, statements of delivery using a handy dashboard. You can even ask the startup to print and mail these items to your clients on your behalf. With these funds, the company plans to intensify hiring and marketing efforts. Their upcoming focus areas will be: Starting inbound marketing efforts Improving user experience Integrating with CRM or ERP solution services Develop an entirely online platform to deliver of invoices/estimates. Since their launch back in June of 2011, Misoca has acquired more than 8,000 users, and more than 700 of them are using the service on a monthly basis.

standfirm-team

See the original story in Japanese.

Nagoya-based Standfirm, the startup behind cloud-based invoicing platform Misoca, recently announced that it has raised 30 million yen (about $300,000) from Incubate Fund.

The platform lets you to edit and manage estimates, invoices, statements of delivery using a handy dashboard. You can even ask the startup to print and mail these items to your clients on your behalf. With these funds, the company plans to intensify hiring and marketing efforts. Their upcoming focus areas will be:

  • Starting inbound marketing efforts
  • Improving user experience
  • Integrating with CRM or ERP solution services
  • Develop an entirely online platform to deliver of invoices/estimates.

Since their launch back in June of 2011, Misoca has acquired more than 8,000 users, and more than 700 of them are using the service on a monthly basis.

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  1. Japan’s cloud-based invoicing startup Misoca raises $653,000
  2. Cloud-based invoicing startup MakeLeaps wins IE-KMD Venture Day in Tokyo
  3. Japan’s Bizer, cloud-based back-office service for SMEs, raises $815,000 in funding

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