Siigo Raises $103.5M Growth Capital

Siigo, a Colombian fintech company specializing in business software, has secured $103.5 million in a growth capital round to strengthen its financial position and accelerate its expansion across Latin America. The funding will support the company's regional growth strategy and the development of new technological solutions for small and medium-sized enterprises.

Investors

Banco de Occidente, an entity within Grupo Aval, participated in the round with a $18.5 million contribution. The round also received backing from various international investors.

Siigo Use of Funds

The company plans to use the capital to strengthen its liquidity position, optimize its financial structure, and accelerate the development of new technological solutions aimed at small and medium-sized enterprises.

About Siigo

Founded in 1988 and currently led by David Ortiz, Siigo is a Colombian business software provider specializing in technological tools for SMEs. The company offers a suite of digital solutions including electronic invoicing, accounting, payroll, and administrative management. Siigo maintains operations in Colombia, Mexico, Ecuador, Peru, and Uruguay, focusing on the digitization of business processes.

Funding Details

Company Website: https://siigo.com

Company: Siigo
Raised: $103.5M
Round: Growth Capital
Funding Date: July 24, 2026
Additional Investors: Banco de Occidente
Software Category: Fintech
Source: https://latamlist.com/siigo-secures-103-5m-to-support-latin-america-expansion/