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Siigo

“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?”

Founded1988
HQBogotá, Colombia
Latest roundDebt Refinancing
IndustryVertical SaaS / Accounting
The story

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.

Last 12 months
2025-10
Product timeline
1988
Founded as Informatica y Gestion, an accounting software company for Colombian SMBs.· pivot
2010
David Ortiz joins and leads transformation of Siigo toward cloud-based SaaS model.· pivot
2011
Launched Siigo Nube, a cloud-based accounting and administrative platform.· banking
2021
Acquired Contifico (ZUKALO S.A.) to expand into Ecuador.· acquisition
2022
Acquired Soluciones Kame (ERP for Chilean SMEs) to expand into Chile.· acquisition
2023
Reached 1.2 million customers across Latin America and grew headcount to 3,000+ employees.· pivot
2024
Launched Siigo Pay, an embedded online payment collection module with automatic accounting reconciliation.· banking
2025
Integrated Mercado Pago as a strategic payment gateway alliance for Colombian market.· banking
Acquisitions
Soluciones Kame2022
Acquired Chilean ERP platform for SMEs to expand Siigo's footprint into Chile.
Contifico (ZUKALO S.A.)2021
Acquired Ecuadorian cloud accounting platform Contifico to enter the Ecuadorian SMB market.
The stack
2 layers disclosed in Siigo’s embedded-finance stack
Payments / PSP
Mercado Pago
Accounting
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.