Smartbill
Contract management back office software with recurring billing and collection.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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Smartbill, founded in Brazil in 2012 by Mauricio Kigiela, established itself as a cloud-based platform focused on subscription billing management for businesses. The company provided solutions to manage the entire recurring revenue lifecycle, from contract and subscription parameters to invoicing and payment reconciliation, often integrating with clients' existing ERP systems. This platform was designed to automate billing, revenue, and customer service agreements, enabling companies of various sizes to adopt a subscription-based business model.
The company's journey included securing $750,000 in a seed funding round in 2012, followed by another seed round in 2015 with participation from investors like SP Ventures, Spectra Investments, and Astella. A significant milestone in Smartbill's history occurred in June 2017 when it merged with Vindi, a fellow São Paulo-based fintech startup specializing in recurring billing and payment solutions. This merger was a strategic move to consolidate the payments market for the service sector in Latin America. Following the merger, Smartbill became an acquired entity.
Smartbill's platform offered a comprehensive suite of features to manage subscription-based services. The system automated the control of recurring revenue and the financial cycle from invoice to collection. It covered all aspects of the subscription cycle, including setting up business rules, pricing, payment methods, and parameters. The platform was designed to integrate with other business systems, such as ERPs, to streamline operations for its clients. The primary clients were businesses looking to implement or improve their subscription and recurring revenue models. The business model was based on providing these cloud-based subscription management solutions to a business-to-business market.
Keywords: Smartbill, Vindi, subscription management, recurring billing, cloud-based billing, financial technology, SaaS, automated invoicing, payment reconciliation, revenue lifecycle management, contract management, Brazilian startup, fintech merger, SP Ventures, Mauricio Kigiela