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qwil.com

Founded Year

2015

Stage

Acquired | Acquired

Total Raised

$229.53M

About Qwil

On May 26th, 2022, Qwil was acquired by LSQ. Terms of the transaction were not disclosed. Qwil is an automated global payments and liquidity solution that allows SMBs & freelancers to get paid how, when, and where ever they choose. The company was founded in 2015 and is based in San Francisco, California.

Qwil Headquarter Location

599 3rd Street Suite 210

San Francisco, California, 94107,

United States

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Research containing Qwil

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Qwil in 1 CB Insights research brief, most recently on Dec 18, 2019.

Expert Collections containing Qwil

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Qwil is included in 4 Expert Collections, including SMB Fintech.

S

SMB Fintech

1,499 items

G

Gig Economy Value Chain

155 items

Startups in this collection are leveraging technology to provide financial services and HR offerings to the gig economy industry

P

Payments

2,306 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech

7,440 items

US-based companies

Latest Qwil News

LSQ Acquires AP Automation Provider Qwil to Better Serve the Contingent Staffing Market

May 30, 2022

LSQ, a leading provider of working capital finance and payments solutions, announces the acquisition of Qwil, a San Francisco-based fintech company that provides early payments to staffing firms. Founded in 2015 by Johnny Reinsch, Paul Tiplady and Trevor Branon, Qwil provides the contingent staffing market with financial tools and solutions. The company’s marquee service is an embedded finance product offering early payments to staffing firms which helps them have liquidity up to 180 days before they’re paid by their clients. “Both Qwil and LSQ have a similar mission, which is to make access to working capital easier,” said LSQ CEO Dan Ambrico. “Qwil has built a compelling embedded finance platform for the contingent staffing market, and that fits well with LSQ’s strategic vision and the direction we’re headed.” Ambrico lauded the Qwil team for the technology partnerships and integrations they have built and sees them as a fit to help LSQ greater fill a market need. “There is a perfect combination of the great user experience Qwil has built with LSQ’s working capital funding and payments management capabilities,” he said. “I think those two things have powerful synergies and we’ll continue to advance the integration work they’ve already done with their partners.” For Qwil CEO (and co-founder) Reinsch, LSQ was the perfect match to continue what he and the Qwil team created and built with leading vendor management systems and managed services providers the last seven years. “We share common goals and LSQ has the resources to grow the mission we started,” said Reinsch. “LSQ is a recognized leader in the supply chain and accounts receivable finance space with deep pools of capital and underwriting experience. “By leveraging Qwil’s deep proprietary embedded finance integrations and LSQ’s existing experience in contingent staffing and professional services firms, and credit and risk management, the new combo is extremely powerful.” Qwil’s existing customers also see value in the scale that LSQ brings. “Qwil’s early payments solution has been crucial for our company” said  Amar Bamra , Managing Partner at Dynamic Consulting Group, a workforce management and operations consulting company providing innovative solutions and services to the food, beverage, consumer packaged goods, and medical industries. “It’s exciting for us to see Qwil join with LSQ – as they grow, they can better help us grow.”

Qwil Web Traffic

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Qwil Rank

  • When was Qwil founded?

    Qwil was founded in 2015.

  • Where is Qwil's headquarters?

    Qwil's headquarters is located at 599 3rd Street, San Francisco.

  • What is Qwil's latest funding round?

    Qwil's latest funding round is Acquired.

  • How much did Qwil raise?

    Qwil raised a total of $229.53M.

  • Who are the investors of Qwil?

    Investors of Qwil include LSQ, Plug and Play Ventures, Cantos Ventures, Silicon Valley Bank, Mosaik Partners and 12 more.

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