Colombian enterprise software company Siigo secured a $103.5M round. Banco de Occidente, part of Grupo Aval, contributed $18.5M to the transaction, which also included international investors.
Founded in 1988, Siigo develops software for small and medium-sized businesses, including electronic invoicing, accounting, payroll, and administrative management tools. Led by David Ortiz, Siigo operates in Colombia, Mexico, Ecuador, Peru, and Uruguay.
Siigo will use the financing to expand across the region and develop new technology products for small and medium-sized businesses.
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