Siigo, a Bogota, Colombia-based provider of accounting and administrative software for small and medium sized companies, has raised an undisclosed amount of funding.
Accel-KKR made the investment.
The company intends to use the funds to accelerate product innovation and further its leadership position in Colombia, and expand operations to the Andean and Central American Regions.
Siigo has over 100,000 clients in the Colombian market and has grown significantly over the last decade.
Led by David Ortiz, CEO, Siigo provides an accounting and administrative software solution which include accounting, payroll, invoicing, and inventory management tools as well as features to manage the finance, accounting and administrative aspects of small and mi-sized businesses.
The platform is used by over 100,000 clients and more than 15,000 accountants in Colombia.