Nubox is Latin America’s leading provider of Small Business Accounting Software-as-a-Service (SaaS), with more than 60,000 businesses using its platform. As a part of Nubox’s regional expansion plan, the Chilean startup has started the process of acquiring Colppy, an Argentine cloud-first platform. Lead investor in Nubox, Riverwood Capital, invested a second undisclosed round to help finance the expansion that will move Nubox beyond Chile and Colombia.
The acquisition will provide Nubox access to a country with over 2 million small businesses in a highly connected economy. Nubox helps entrepreneurs and small businesses owners streamline every aspect of their key business tasks, including accounting, payroll, and e-invoicing.
Nubox was founded in 2001 in Chile, becoming a SaaS pioneer in Latin America and growing to become the leading provider of cloud-based solutions for small businesses. Colppy was founded in 2012 and provides online administrative solutions to over 1,500 small businesses in Argentina. Most importantly, Colppy is integrated with MercadoLibre and Mercado Pago, as well as with Argentina’s largest banks.
Read more about the acquisition and funding round in the original press release for LAVCA.