Hello HN! We are Antonio, Felipe, Joaquin and Francois, founders of Chipax (https://www.chipax.com/). We are helping SMBs (Small and Medium Businesses) in Latin America handle their finances. Chipax is self-serve online software that works with real-time data collection from the IRS and banks. We all know how painful and time consuming it is to manage finances and keep payables and receivables up to date. So we are shortening this gap with technology.
We got started in 2015 when our friend's business was about to go bankrupt. He asked us for help. Antonio used spreadsheets to figure what was really happening; their finances were a mess. These spreadsheets did the work, but they quickly became really hard to maintain and existing software solutions made the problem even worse.
We turned those spreadsheets into a web app to make it easier to work with. We shared the web app with some friends and then we realized this was a very common problem among SMBs, so we decided to found Chipax. Right now, we have >1000 paying customers between Chile and Mexico.
We focus on cash flow, the heart of the SMB. We sync invoices and bills, tax and bank records so you can reconcile and get AR and AP reports accurately faster. We automatically categorize invoices and bills to get simple yet powerful P&L reports to track company or project numbers. We automate reporting on what’s most important: cash flow, income statement, debts payable, etc. Our customers are not looking for complex solutions, robust AI models or overly advanced technologies. They simply want to know how their business is doing and have peace of mind to operate it.
We are very excited to be at this point, we have been reading HN for years. We’d love to speak to any of you that are curious about what we’re doing or if you have any ideas/challenges for us!