# Quipu App, S.L.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/quipu-app-s-l

- Industry: Software
- Headquarters: Madrid, Spain
- Website: www.getquipu.com
- Total disclosed funding: $1.2M
- Latest round: Seed (Jan 15, 2018)
- Investors on record: 1

## About

Quipu is a financial software provider that specializes in billing and treasury management solutions, designed to streamline financial processes for small businesses, freelancers, and advisory firms in Spanish-speaking markets.Founded in 2013 in Madrid, Spain, Quipu App, S.L. develops software solutions focused on financial management. The company has undergone strategic changes, including its acquisition in November 2022 by Sellsy, which aims to extend its operations beyond France into the Spanish market. Quipu was co-founded by Adi Jerochim, Amir Trujillo, Eyal Menachem, Francesco Faita, and Roger López. The company has completed a total of 4 deals, with the most recent deal occurring on 30th November 2022, raising a total of EUR 2.00 mn through its latest funding round.Quipu offers a comprehensive software solution that simplifies billing and treasury management for small businesses, freelancers, and advisory firms. Its platform allows users to generate invoices, budgets, and delivery notes while automating cash flow tracking and real-time treasury management. Key features include a 24/7 intelligent assistant, bank synchronization for payment reconciliation, and compliance with electronic invoicing regulations, thereby catering to a clientele comprising mainly self-employed professionals and small enterprises in regions that enforce such regulations.In 2022, Quipu reported revenue of EUR 1,412,885.80 and an EBITDA of EUR 42,419. The company's revenue model is subscription-based, with tiered pricing plans that enable clients to access a range of features for efficient financial management. Quipu works closely with advisory firms, allowing them to assist their clients better by accessing their financial data.Following the acquisition by Sellsy in November 2022, Quipu aims to leverage this opportunity to expand into new geographic markets, starting with Spain. The recent funding will be utilized to enhance product offerings and potentially introduce new features aligned with the needs of the Spanish market. The specific strategies and products in development have not been publicly disclosed yet, but the focus remains on adapting to the evolving demands of their customer base.

## Funding rounds

- Seed, Jan 15, 2018, $1.2M — CNBB Equity Partners

## Investors

- CNBB Equity Partners (https://capitalatlas.ai/funds/cnbb-equity-partners) — Seed