Brazilian ERP Omie receives a BRL 580 million round led by SoftBank
Summary
READ ALSO: Backed by a star-studded group of investors and CEOs, Clara goes from corporate cards system to all-in-one management platform The newly raised capital will be used to attract customers, expand distribution channels and offer more financial services such as credit, cash management and collection. Also, Omie will launch a partnership with Itaú Unibanco to jointly offer ERP and financial services to about 1.5 million companies. The partnership shows how management and financial product companies like Omie are rapidly integrating offerings at a time when innovations like PIX instant payment and open banking are increasing competition and pressure on the banking industry. READ ALSO: Ótimo Gestor: rental management software startup handles BRL 5 billion per year in Brazil Founded in 2013, Omie has 950 employees and 70,000 customers. With the pandemic, it began to seek clients with revenues of up to BRL 200 million, competing in a market served by giants such as the German SAP.