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Spanish FinTech startup Billin receives €1.5M in new investment round


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BY : Diego GutiérrezSeptember Tue, 2017
Billin, the Madrid-based company that offers an invoicing management platform dubbed "the dropbox of invoices", has closed a €1.5M investment round backed by Kibo Ventures, K Fund, and business angel Carlos González Cadenas.

About Billin

Billin allows SMEs and freelancers to efficiently manage the entire invoicing cycle, including the creation, sending, tracking and collection of invoices. It also offers the possibility of receiving and storing customer and supplier invoices in a single place and sharing all this information with the manager.

This platform is hosted in the cloud, with a free basic package that has captivated more than 10,000 SMEs and freelancers and has already processed €100M in invoices for its users. All these features, coupled with the tool's simple interface, have led to Billin being dubbed "the Dropbox of invoices".

Its founders, Marcos de la Cueva and Diego Goya, detected in 2015 the need to facilitate the management of invoices for companies and professionals, allowing them to know whether customers had received them correctly and were paid on time.

Billin closes €1.5M investment round

Billin has received €1.5M in its second investment round to date. In 2015 it raised €1M in funding from private investors.

On this occasion, the funding comes from investors Kibo Ventures and K Found and business angel Carlos González Cadenas. The objective of this round is to develop an ambitious plan that seeks to grow the company and internationalise the product.

Kibo Ventures is a Spanish venture capital firm focused on the digital sector. It has a portfolio of more than 30 companies and manages funds for an amount of €130M. Its main investments include Job and Talent, FlyWire, Carto.com and Promociones Farma.

The investments of K Funda €50M venture capital fund, is aimed exclusively at digital and technology entrepreneurs. This fund is formed by a team of renowned Spanish startup professionals.

Other FinTech rounds in Spain in 2017

Spanish FinTech startup Billin receives €1.5M in new investment round

 
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