Home » A start-up that makes life simpler for SMEs, Montepara (Sibill): “We unencumber time and vitality for corporations”

A start-up that makes life simpler for SMEs, Montepara (Sibill): “We unencumber time and vitality for corporations”

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A start-up that makes life simpler for SMEs, Montepara (Sibill): “We unencumber time and vitality for corporations”

Serving hundreds of small and medium-sized companies, in April 2024 it noticed its income improve 11 occasions (in comparison with April 2023), with a buyer development of greater than 11% every month. We speak about it Billa Milanese startup specialised in Software as a Service (SaaS) accounting and monetary administration options for Italian SMEs.

The firm, which helps hundreds of companies, has grown five-fold prior to now 12 months, and has just lately taken its funding spherical. 6.2 million euroswhich confirms the flexibility of the mannequin and the crew to draw consideration and funding in Italy and from necessary worldwide funds.

The deal sees Dutch-based worldwide enterprise capital fund Keen Venture Partners (which additionally invested in Italy’s Fiscozen on the finish of 2022) be part of the fairness group, together with current traders Exor Ventures, Founders AS, Global Founders Capital , No Boring, Banana Capital, Plug&Play Tech Center, and a number of other Italian and overseas enterprise angels.

Composition

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“SMEs signify the spine of the Italian economic system – he tells Italian Tech Mattia Montepara, CEO and founding father of Sibill -. Freeing businessmen’s time from bureaucratic burdens to permit them to concentrate on firm development methods, that is our aim. Among the good values ​​of our answer, we’re actually often called with the ability to simplify and streamline the move, releasing up helpful sources.”

“We goal to beat the whole Italian market”

Founded in Milan in December 2021, the easy-to-use Sibill platform is designed to answer the precise wants of Italian SMEs, providing an built-in answer to do extra, much less, the founders are Mattia Montepara (CEO) , Lorenzo Liguori (Chief Product Officer) and Dario Prencipe (Chief Data Officer).

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“We come from a various and mixed expertise within the subject of fintech and set ourselves the aim of constructing a collaboration device out there available on the market, able to fixing lots of the accounting and administration wants of Italian SMEs from eliminating inner obstacles, to simplifying. the move of communication and processes and the gathering of knowledge between entrepreneurs or senior managers and the finance division, to facilitate all administrative burdens (and extra). The way forward for Italy is within the fingers of those that do enterprise, creating wealth and jobs. With our expertise we take away bureaucratic obstacles. And at the moment we goal to beat the whole Italian market”.

The dialog

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What Sibill does, is a startup that helps SMEs with new applied sciences

Thanks to Sibill’s expertise, digital invoicing, time administration, planning and monetary management actions are carried out rapidly and with nice automation and, due to the SaaS implementation technique, along with restricted investments, corporations can depend on a always up to date and dependable device. safety of managed information.

Among different issues, the worth of the proposal and its tangible capacity to make enterprise processes extra environment friendly and quicker are additionally clearly proven within the numbers of startups that, as a SaaS answer, noticed the quantity of recurring income in April 2024 (ARR) improve 11 occasions in comparison with April 2023.

Sibill: overseas traders attracted by Italian startups

Our nation’s corporations are used to always competing with overseas opponents who’ve much less favorable and fewer burdensome tax legal responsibility than ours. The obligation launched by the regulation of 27 December 2017 n.205, for the acceptance of digital invoices in Italy from 1 January 2019, each between VAT topics (B2B) and closing customers (B2C), has led to the implementation like Sibill , at the moment already serving hundreds of Italian SMEs, to develop quickly in a brief time period.

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Not solely that, the startups themselves are enticing to exterior customers and traders, figuring out that there’s a enormous scope for motion and development on this sector.

Get began

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“We have to simplify administrative procedures, monetary information, collections: digital invoicing is an incentive for enterprise competitors on the planet. For this motive, looking for cash we turned to customers from different international locations. Because we would have liked important sources to have the ability to implement our options. And we knew we have been lovable.”

Therefore, what reassures overseas traders, isn’t solely the aim and technique of Sibill, the execution and efficiency over time reveals its potential for tangible and measurable development, but in addition above all the popularity that the Italian monetary and administrative simplification sector affords good funding alternatives. , particularly when taking a look at options for small and medium companies.

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