Rebill, an Argentina-based startup that offers companies a single trust point and automation system for cross-country and multi-currency revenue operations, raised $3.6 million to continue building automated payment collection and subscription management tools for Latin America.
The funding announcement includes $600,000 from a pre-seed tranche. The $3 million seed round was led by Tiger Global Management and included Y Combinator, Soma Capital, SV Angel, and a group of angel investors, including Dropbox co-founder Arash Ferdowsi and Vercel founder Guillermo Rauch.
The new funding enables Rebill to continue expanding its presence into the rest of Latin America. The company will also be working on its payment gateways and bank integration to automate the reconciliation process. It is also integrated with customer relationship management, enterprise resource management, and lending platforms.
Company: Rebill, LTD.
Raised: $3.6M
Round: pre-Seed and Seed Round
Funding Month: Aug 2022
Lead Investors: Tiger Global Management
Additional Investors: Y Combinator, Soma Capital, SV Angel, and a group of angel investors, including Dropbox co-founder Arash Ferdowsi and Vercel founder Guillermo Rauch
Company Website: https://www.rebill.to/
Software Category: Payment orchestration and recurring billing platform
About the Company: Rebill is a payments orchestration and recurring billing platform for Latin America. Rebill offers companies a single trust point and an automation system for cross-country and multi-currency revenue operations. Rebill’s also offers pre-approved credit and debit cards so its customers can collect without having to contact their clients or create complex billing scenarios. It also sends payment notifications via multiple channels and enables customers to manage all of their office locations from one platform. The company automates the collection process and integrates payment gateways and invoicing tools so that customers don’t have to create their own. It offers complete flexibility to manage any type of recurring billing scenario and provides advanced metrics for any e-commerce or SaaS company. Currently, Rebill has clients in Argentina, Chile, Colombia, Mexico, Peru, and Uruguay and collects payments in 15 currencies.
Source: https://techcrunch.com/2022/08/18/tiger-global-yc-rebill-subscription-payment-latin-america/