Qwikwire Hits $300K USD in Monthly Recurring Revenue – Bags Another Round of Investment from KMC Founders

Billing and invoicing solutions platform, Qwikwire, is pleased to announce that it has closed another funding round with KMC Solutions Founders Michael McCullough and Gregory Kittelson. KMC is a leading flexible workspace solutions and staff leasing services provider in the Philippines.  The funds will be part of a build-up to the company’s upcoming venture financing round early next year.

Michael McCullough and Gregory Kittelson, founders of the flexible workspace provider in the Philippines, have funded and invested in Qwikwire which will be part of a build-up to the company’s Series B financing round later this year.

Apart from being one of its founders, Michael is also the Managing Director of  the real estate services firm KMC Savills. He comes from a strong commercial real estate background and has tremendous experience in advising a wide range of real estate multinationals.

He is known as an industry icon and a thought leader. One of his notable achievements is being awarded the Young Leader of the Year by the Asia CEO Award Philippines in 2014.

Gregory is a co-founder of 3 companies in Manila; Kittelson & Carpo Consulting, KMC Savills, and KMC Solutions.

He also offers his advice and connections to companies in the IT-BPO, tech startup, and real estate industries. He is an adviser, director, and investor in Zennya, a mobile app for Health & Wellness and an investor in Sprout Solutions, HR & Payroll Software System.

Qwikwire immensely acknowledges Michael and Gregory’s initiatives in providing value beyond financing. The real estate leaders want to be seen as advisors more than just providing financial support, which Qwikwire is glad to carry along the journey.

Launched in 2016, Qwikwire has become the Philippines’ leading cross-border payments and settlements platform for enterprises. The company is working on catering to international clients as well and thus expanding its services to Malaysia, Singapore, and Thailand.

Currently, as the company breaks the USD$300,000 monthly recurring revenue threshold, it will also be working on its upcoming venture financing round early next year, along with KMC Founders.