Kame, the Chilean Fintech Company Worth $30 million

Five years ago, Manuel Concha and Víctor Jiménez provided tax, accounting, and financial advisory services as external agents. At that time, in order to differentiate themselves from the strong competition in the field, they approached their clients and proposed the following: to keep their accounting in their own system, independent of the one they were using, so that they would have access to the information at any time through software, without having to ask for it.

This is how Kame ERP (Enterprise Resource Planning) was created, in honor of “Kame Hame Ha”, a fictitious fighting technique created in the famous Dragon Ball series.

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Currently, the company is valued at no less than $30 million

The shock wave of the nascent company, just like the one that came out of Goku’s hands with that power, grew steadily during this five-year period, to the point that this Chilean fintech company now supplies more than 6,000 companies.

What were the main factors behind Kame ERP’s success? “There are several reasons, of course, one of the main ones is our incomparable team. On the other hand, we made it simple, focusing our processes on the client and at an affordable cost for SMEs, from 12 UF per year,” said Jiménez.

“We always dreamed that we would do well, but not in these dimensions and even less in such a short time”, admits Concha. A work based on effort, since he started working at the age of 12 to pay his way through school and then university, after growing up in a mediagua (emergency housing in Chile).

Currently, his company is valued at no less than $30 million. This, after entering the business of the MyA Group with a 33% stake, to continue growing together.

The founders are not satisfied with having closed this million-dollar alliance and are going for more. “This implies a greater responsibility, both with our work team and with our clients and partners, and also the certainty that many more Chilean SMEs will be able to give us the opportunity to show them and demonstrate that Kame is the best management system on the market”, said Manuel.

The expansion in Chile is just another step in the development of this company since by 2022, the plans are to export this successful model abroad. “The dream continues and remains intact, and we are going to expand it to Latin America,” said the co-founder.

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(Featured image by Caio Silva via Unsplash)

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First published in Emprendedores News, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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