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Kame, the Chilean Fintech Company Worth $30 million

The Chilean fintech company Kame is currently valued at $3 million. That, after entering the business of the MyA Group with a 33% stake, to continue growing together. 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.

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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.

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“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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This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

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.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

Suzanne Mitchell juggles the busy life of a full-time mom and entrepreneur while also being a writer-at-large for several business publications. Her work mostly covers the financial sector, including traditional and alternative investing. She shares reports and analyses on the real estate, fintech and cryptocurrency markets. She also likes to write about the health and biotech industry, in particular its intersection with clean water and cannabis. It is one of her goals to always share things of interest to women who want to make their mark in the world.