Rebill, an Argentina-based startup, raised $3.6 million to keep building automated payment collection and subscription management tools for Latin America.
The subsidizing declaration incorporates $600,000 from a pre-seed tranche. The $3 million seed round was driven by Tiger Global Management and included Y Combinator, Soma Capital, SV Angel, and a gathering of private backers, including Dropbox fellow benefactor Arash Ferdowsi and Vercel organizer Guillermo Rauch.
Chief Nahuel Candia got the underlying thought for Rebill in 2018 when he was counseling for an insurance agency in Argentina. His company wanted to manage the whole behavior of collections, including changing the card on file and going through compliance with security measures.
The implementation process was estimated to be two to three weeks but turned out to take one year. Needing to make this a simpler cycle, Candia got together with Ariel Díaz Ailán, whose foundation is in web-based business, to make Rebill in 2020. Rebill was important for Y Combinator’s Winter 2022 associate.
The organization robotizes the assortment cycle and incorporates installment doors and invoicing instruments so clients don’t need to make their own.
Rebill contrasts with heritage suppliers in that it is focusing on medium to enormous organizations, is cloud-put together, and sold with respect to a membership premise so clients simply need to pay a permit charge, Candia told TechCrunch.
Rebill’s contribution additionally pre-supports credit and charge cards so its clients can gather without reaching their clients or make complex charging situations. It likewise sends installment notices through different channels and empowers clients to deal with all of their office areas from one stage.
Candia gauges that Rebill’s interaction chops down that execution cycle from months to hours.
“We diminish the KYC cycle for every one of the installment passages, so we consequently empower the common charging handling for every one of our shippers,” he added.
Presently, Rebill has clients in Argentina, Chile, Colombia, Mexico, Peru, and Uruguay and gathers installments in 15 monetary standards. By having a multi-country, multi-money approach, the organization is developing close to its clients, who can exploit the cloud-based component to scale their deals territorially likewise.
The organization has been developing 20% month over month and developed its representatives from four last year to 25 at present. It is pursuing a Series A round in 2023, and can likewise show yearly repeating income, Candia said.
The new financing empowers Rebill to keep extending its presence into the remainder of Latin America. The organization will likewise be dealing with its installment passages and bank joining to robotize the compromise interaction. It is likewise coordinating with client relationship with the board, undertaking asset the executives and loaning stages.
“We want to situate our organization as the main installment orchestrator in Latin America,” Candia added. “We intend to twofold our group by the following year and extend more in Mexico and Colombia.”
