Overview: Chipax, QuickBooks for SMBs in LatAm Chipax is a software-as-a-service venture that is building a full-stack payments, invoicing, and reconciliations solution for SMBs in the Latin American markets. While founded in 2016, Chipax is still technically at the seed-stage with respect to capital raised, as it’s only fundraising so far has been pre-seed fundraising through Y-Combinator in the Summer 2021 cohort ($125k raised during this round). Further, the company has since reached an annual recurring revenue of $1.6m with over 1,100+ paying customers, which suggests the founders have chosen a path of product-led growth, which would in turn suggest that the product has strong stickiness with its user base. Therefore, given its healthy fundraise relative to growth, its customer-centric product, and the macro-conditions surrounding this market opportunity, Chipax is a serious consideration for seed-stage fundraising, especially for investors focused on (1) LatAm SaaS, (2) product-led software companies, and (3) SaaS companies targeting SMB customers.
Chipax | Company Profile Q1 2022
Chipax | Company Profile Q1 2022
Chipax | Company Profile Q1 2022
Overview: Chipax, QuickBooks for SMBs in LatAm Chipax is a software-as-a-service venture that is building a full-stack payments, invoicing, and reconciliations solution for SMBs in the Latin American markets. While founded in 2016, Chipax is still technically at the seed-stage with respect to capital raised, as it’s only fundraising so far has been pre-seed fundraising through Y-Combinator in the Summer 2021 cohort ($125k raised during this round). Further, the company has since reached an annual recurring revenue of $1.6m with over 1,100+ paying customers, which suggests the founders have chosen a path of product-led growth, which would in turn suggest that the product has strong stickiness with its user base. Therefore, given its healthy fundraise relative to growth, its customer-centric product, and the macro-conditions surrounding this market opportunity, Chipax is a serious consideration for seed-stage fundraising, especially for investors focused on (1) LatAm SaaS, (2) product-led software companies, and (3) SaaS companies targeting SMB customers.