Financial services firm Regional has invested $800,000 in BackStartup, a Colombia-based provider of online accounting and legal services, El Financiero has reported.
Founded in 2014, BackStartup has developed technology that helps startups and small businesses in Colombia, Mexico and Puerto Rico manage their back offices and order their financial information.
The platform automates tasks such as accounting, payroll, tax and auditing, as well as legal services such as the creation of employment contracts and legal agreements.
Banregio, a Mexico-based banking subsidiary of Regional, has been using BackStartup’s technology to provide online accounting and legal services to its small and medium-sized enterprise (SME) customers for the past two years.