“Can a legacy LATAM accounting SaaS company become the all-in-one financial OS for SMBs across Latin America by embedding payments, payroll, and compliance into its existing accounting workflow?”
Founded in 1988 as a desktop accounting software vendor for Colombian SMBs, Siigo pivoted to a cloud-first SaaS model under CEO David Ortiz from 2010 onward, ultimately becoming the #1 DIAN-authorized accounting software provider in Colombia. The company has since pursued aggressive regional expansion across Latin America through acquisitions (Contifico in Ecuador, Soluciones Kame in Chile, Memory S.A. in Uruguay, Aspel in Mexico), transforming from a single-country software vendor into a multi-country SaaS platform. The embedded-finance angle materialized with the launch of Siigo Pay, which embeds online payment acceptance directly into invoicing workflows with automatic accounting reconciliation.
Siigo processes payments through Mercado Pago.
Siigo integrates with Mercado Pago.
The Embedded Finance Index 2026 maps 2 layers in Siigo's stack: Payments / PSP (Mercado Pago); Accounting (Mercado Pago).
Siigo is founded in 1988 and headquartered in Bogotá, Colombia.
Siigo's acquisitions include Soluciones Kame (2022) and Contifico (ZUKALO S.A.) (2021).
Get a read on where your own stack stands against Siigo and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.