Fast Accounting Co., Ltd.

Founded in 2016, Fast Accounting Co. , Ltd. is a Tokyo-based company that specializes in automating accounting processes through advanced artificial intelligence technology, enhancing efficiency and accuracy for businesses in Japan and beyond. Fast Accounting Co.

, Ltd. automates accounting processes focused on AI-driven solutions. Based in Tokyo, Japan, the company has raised a total of JPY 400. 000 mn through various funding rounds, with the latest being a Series C round on September 22, 2023.

The firm was recognized as a Peppol service provider in August 2022, facilitating electronic invoicing. The company is led by its founder, whose prior entrepreneurial experience is not detailed. Fast Accounting has successfully completed 3 deals to date and was recently valued at JPY 6. 88 billion following its IPO, which raised JPY 761 million.

Fast Accounting Co. , Ltd. specializes in automating accounting processes using advanced artificial intelligence technology. The company's flagship products, Remota and Robota, offer AI-driven solutions for invoice processing and receipt management, aimed at enhancing financial operations' accuracy and speed.

These solutions cater to a diverse clientele in Japan, helping businesses streamline workflows and comply with digital invoicing standards. Fast Accounting was recognized as a service provider for Peppol in August 2022, which further enhances its service capabilities. Fast Accounting generates revenue through subscription-based models and partnerships with businesses that utilize its AI solutions for automated financial processes. Clients subscribe to services that include automated invoice and receipt processing, benefiting from reduced manual workload and increased data accuracy.

The company's pricing plans are tailored to accommodate varying business sizes and operational needs, focusing on delivering customized solutions that enhance operational efficiency. Fast Accounting Co. , Ltd. aims to expand its product offerings and market reach.

Following its IPO on July 2023, the company will utilize the raised funds to launch new AI-driven products designed to further automate accounting tasks. The company is exploring expansion into international markets, specifically targeting regions in Asia by the end of 2024. With the recent funding of JPY 761 million, Fast Accounting plans to enhance its product development and marketing strategies to support these growth initiatives.