Spanish invoicing software startup Billin raises €1.5 million

Billin, an invoicing software startup, has announced an investment round of €1.5 million led by Kibo Ventures and K Fund with participation from GoCardless CTO Carlos González Cadenas.

Based in Madrid, Billin develops cloud software for small businesses to manage their invoicing through free and premium tiers; currently 10,000 companies and professionals are using the software with €100 million worth of invoices processed.

The new funds will be used to internationalise its offering. It plans to expand across Europe and enter Latin America by 2018.

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