Riverwood Capital made an undisclosed investment in Chilean SaaS Nubox. This is Riverwood Capital’s second investment in the Chilean firm. Nubox recently acquired Argentinean SaaS Colppy as part of its regional expansion.
(Press Release) 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 counterparties
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.
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 Visit
Nubox + Colppy
For More Information, Please Contact
Ray Ruga, CVOX Group. Tel: +1.305.733.3155