Rebill raises $3.6M led by Tiger Global and accelerates its growth in Latin America
Buenos Aires, August 2, 2022. Rebill, the Argentina-born startup that offers a web platform to automate the payment collection and subscription management, announces that it has raised over $3.6 million in two rounds of investment carried out in only four months, accelerating its expansion in Latin America.
Founded by young entrepreneurs Nahuel Candia (28) and Ariel Díaz Ailán (32), the company was chosen by YCombinator, the accelerator that boosted companies like Airbnb, Dropbox, and Rappi. Rebill participated in the program “Winter 2022”, alon with 413 companies from all over the world, and completed its round just 24h after the announcement.
Rebill caught the attention of Tiger Global, one of the most important hedge funds in the world, and the one with more unicorn companies (those with a value of over $1 billion) in its portfolio. Investing in only five participants at the Y-Combinator program, the New York-based Fund led Rebill’s investment round with $2 million. In addition, these Argentines’ proposal caught the attention of Soma Capita , SV Angel and world renowned angel investors, like Arash Ferdowsi (Co-founder of Dropbox) and Guillermo Rauch (Founder of Vercel, Latin American unicorn company), who also participated in the round.
“We are very proud of the success of our recent investment roun s and the boost it means for our expansion plans in the Latin American market. At Rebill, we simplify and improve the payments experience in LATAM, and over the next months, we aim to integrate the leading financial services to improve the regional payment approval rates,” said Nahuel Candia, Co-founder and CEO of Rebill.
As a result of this fundraising, the company now has the support to continue expanding in Latin America. Currently, Rebill provides solutions to clients (medium to large companies) in Argentina, Chile, Colombia, Mexico, Peru, and Uruguay, and collects payments in 15 currencies. “Our plan is to raise the next round, the Series A, in 2023, and expand operations with local offices in the main countries of the region,” said Ariel Díaz Ailán, Co-founder and COO of Rebill.
A Solution without Borders
Rebill automates the collection process of any company, integrating payment gateways and invoicing tools quickly and easily. It saves companies from making costly developments and security certifications, delivering the collection solution in a single, multi-country, multi-currency platform, just by paying a license fee. In this way, it helps companies operating in Latin America to scale their sales regionally.
“Companies trying to process collections regionally are affected by up to a 60% rejection rate because they do not use local payment gateways or collect in local currency. This forces businesses to incorporate multiple payment gateways, management systems, or even different business teams by country. Rebill integrates and automates the collection cycle and information flow among the various systems in the company, complying with the highest security standards,” explained Nahuel Candia.
The platform pre-approves credit and debit cards so the companies can collect without having to contact the client permanently, and enabling complex billing scenarios. Rebill sends automatic notifications by email, WhatsApp, and SMS to keep collections on schedule, and allows the management of subsidiaries, franchises, or different business units in the same platform; connecting quickly and safely with the ecommerce platform used by the company.
“We are a layer above the gateways or other payment methods. We solve the issues generated during the collection process, reduce management times, and increase approval rates,” added Díaz Ailán.
Rebill is the web platform that automates the collection management of any company and enables it to scale its sales in Latin America. Its origin dates back to 2018, when Nahuel Candia started consulting for an insurance company in Argentina. The company was founded in 2020, when Ariel Díaz Ailán joined the project and it started expanding to Latin America. Currently, Rebills provides solutions to clients in six countries in the region (Argentina, Chile, Colombia, Mexico, Peru, and Uruguay) and collects payments in 15 currencies. The Argentinian startup was chosen by YCombinator, the accelerator that boosted companies such as Airbnb, Dropbox, and Rappi, to receive an investment of over $3.6 million from some of the main institutional funds in the world, like Tiger Global, YCombinator, and Soma Capital, as well as from world-renowned angel investors, like Arash Ferdowsi (Co-founder of Dropbox) and Guillermo Rauch (Founder of Vercel, Argentinian unicorn.) Rebill integrates payment gateways and billing tools quickly and easily, saving companies from making costly developments and security certifications, and delivering a collection solution in a single, multicountry, multi-currency platform, just by paying a license fee.