Siigo, a Colombian maker of accounting and administrative software for small businesses, acquired Bsale, a Chilean company that sells cloud-based sales software to small and medium-sized retailers. LatamList and Latam Fintech reported the deal on October 2, 2026.
The companies did not disclose the price or other financial terms. Siigo is backed by the US technology investment firm Accel-KKR.
Alongside the purchase, Siigo said it would invest US$100 million over the coming years; Forbes Chile reported the figure as more than US$100 million. The money is meant to strengthen Bsale's operations, take its platform into new markets in the region and build AI tools for sales, task automation and decision-making.
What Bsale built
Bsale was founded in Chile in 2006 by the siblings Gustavo and Elvira Montero, according to Latam Fintech. Its software covers electronic invoicing, inventory, point of sale, payments, automatic reports and sales across several branches, for both physical shops and online stores.
The company operates in Chile, Peru and Mexico. Latam Fintech said it serves thousands of businesses but did not give an exact number. None of the reports gave Bsale's headcount, revenue or any outside funding.
Elvira Montero, a co-founder, described joining Siigo as a strategic decision that would let Bsale help entrepreneurs organise their businesses across Latin America, and said the company now had a large opportunity to extend its reach.
“Es una apuesta de largo plazo por el software de venta en Latinoamérica.”
Why Siigo is buying
Siigo operates in six countries: Colombia, Ecuador, Uruguay, Peru, Mexico and Chile. It has more than 4,500 employees and serves 1.3 million small businesses and accountants. Its group includes the brands Aspel in Mexico, Contífico in Ecuador and Memory in Uruguay, and it says it reinvests more than 20% of its revenue in product development.
Bsale is Siigo's second purchase in Chile. It entered the country in 2025 by acquiring Kame, another local software company. LatamList said the new deal extends Siigo from accounting and back-office software into sales management, and Siigo said it wants to sell a combined package of accounting, administrative and sales tools.
David Ortiz, chief executive of Siigo Latam, said the deal gave Siigo the lead in sales software in Chile; that is the company's own claim. He said the goal was to double Bsale's size in the coming years and take its software to many more entrepreneurs in the region, and called the purchase a long-term bet on sales software in Latin America.
What changes for Bsale customers
Bsale's shops will now sit inside a group that also sells accounting, payroll and administrative software, Chócale reported. Siigo said the plan is to offer them a combined set of tools, so that a business can run its sales, invoicing, stock and accounting with one provider.
Part of the investment is earmarked for AI features. Siigo said it wants to build tools that help merchants automate routine tasks and make better decisions about their sales, though it did not say when they would launch.
Ortiz described Bsale's arrival as a milestone for Siigo. Montero said the company now had a large opportunity to take its impact much further. Neither side gave a timeline for the target of doubling Bsale's size, or the current figures it would be measured against.
A competitive market for SME software
Forbes Chile named Nubox, Alegra and Loggro among the companies Siigo competes with for small-business customers in the region.
Latam Fintech described Accel-KKR, Siigo's backer, as a Silicon Valley technology investment fund. None of the reports said how large a stake the firm holds in Siigo or whether it put new money into the Bsale purchase or the planned investment.
Siigo has grown largely by buying local software companies country by country. With Bsale, it moves beyond accounting into the tools that shops use every day to sell, invoice and track stock, a product it plans to take beyond Bsale's current three markets.
