fbpx

Nubox to Acquire Colppy: Latin American Leader in Small Business Financial Software Expands Its Regional Footprint

Nubox, Latin America’s leading provider of Small Business Accounting
Software-as-a-Service (“SaaS) is taking the next step in the expansion
of its regional footprint by acquiring Colppy, the leading cloud-first
player in Argentina. The acquisition will provide Nubox with a foothold
in a country with over 2 million small businesses operating in a highly
connected economy. Lead investor Riverwood Capital committed a fresh
round of funding to Nubox in order to accelerate integration and further
expansion beyond its current operations in Chile and Colombia.

With more than 60,000 small businesses already supported, Nubox has
become Latin America’s largest and fastest growing financial management
automation platform. Developed for the unique administrative and
regulatory requirements of entrepreneurs and small business owners,
Nubox simplifies and automates key business tasks such as: accounting,
payroll and electronic invoicing. Nubox allows customers to easily
integrate their business information with a variety of counter-parties
in the ecosystem: customers, suppliers, employees, banks, accountants,
regulatory agencies, and sources of potential financing via a simple,
easy to use, intuitive user-interface and world-class customer service.

“Our goal has always been to help entrepreneurs and small businesses
in Latin America become more efficient and profitable by providing
solutions specifically designed for the unique needs of the market,”
stated Marcos Mahave Caceres, Nubox’s CEO and co-Founder stated. He
added that “we are excited to welcome Colppy’s winning team to Nubox
as we join forces to continue executing on our shared vision. For us,
this transaction represents a big step forward in our regional expansion
plans and helps us consolidate our market leading position in
Spanish-Speaking Latin America.”

Launched in 2012 with a cloud-first technology platform, Colppy has
emerged as a leading online accounting and administrative solution for
more than 1,500 small businesses in Argentina and Colombia. In
Argentina, Colppy is integrated with Mercado Libre and Mercado Pago, the
largest e-Commerce and Payments platforms in Latin America, as well as
with major banks and POS systems.

“We are delighted to see the growth and expansion of our vision to
offer solutions that enhance the lives and finances of small businesses
throughout Latin America. We are confident that together, we can help
promote the growth, expansion and digital inclusion of entrepreneurs
throughout the region,” stated Colppy co-Founder and CEO Juan
Onetto who along with co-Founder and Chief Product Officer Mariano
Rizzi, will join the Nubox management team. Santiago Capurro, who was an
initial investor and served as Board Member of Colppy, stated: “We
have accompanied Colppy´s successful development since its inception,
and are proud that it will continue to expand regionally together with
Nubox.”

About Nubox

Founded in Chile in 2001, Nubox was a SaaS pioneer in Latin America, and
has now grown into a market leading provider of cloud-based solutions to
help small businesses and accountants organize their financial
management functions in one seamless, easy-to-use platform. With the aim
of digitalizing the accounting function of companies, Nubox delivers
order and accessibility, both to accountants and companies seeking
automation capabilities for their administrative functions. Nubox now
serves more than 60,000 small businesses in Chile, Colombia, and
Argentina with World-Class SaaS platform which simplifies and automates
key business tasks such as accounting, payroll and e-Invoicing. Nubox is
backed by Riverwood Capital, a private equity firm focused on high
growth technology and technology-related companies in need of capital
and expertise to scale on a global basis.

About Colppy

Colppy is a SaaS company that helps small businesses their
administration and accounting functions. Launched in 2012, Colppy became
a leading provider of cloud-based financial management solutions for
entrepreneurs in Argentina and expanded its operations to Colombia in
2016. The original angel investors, Pablo and Santiago Capurro, have
been joined by Latin American venture capital funds such as Troopa.la,
Pentilán, MELI Fund of Mercado Libre, Wayra from Grupo Telefonica, and
Velum Ventures from Colombia.

For Images, Please VisitNubox
+ Colppy

View source version on businesswire.com: https://www.businesswire.com/news/home/20180620005954/en/