When was Qwil founded?

Qwil was founded in 2015 and raised its 1st funding round 1 year after it was founded.

Where is Qwil located?

Qwil is headquartered in San Francisco, United States. It is registered at San Francisco, California.

How many employees does Qwil have?

As of May 31, 2026, the latest employee count at Qwil is 16.

Is Qwil a funded company?

Qwil is a funded company, having raised a total of $29.5M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 27, 2016.

When was the latest funding round of Qwil?

Qwil's latest funding was a $***** Conventional Debt round on Dec 11, 2019, with participation from 1 investor. Its primary sector is Digital Lending. In United States, the Digital Lending sector has seen $5.11B in funding in 2026 to date.

Where does Qwil rank among its competitors?

Qwil ranks 52nd amongst 475 active competitors, of which 135 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Paytner, which secured $14.4M in Sep, 2026.

Who are the top competitors of Qwil?

Qwil's top competitors include Ebury, Earnin and CapBay. Among them, Paytner secured the most recent funding round in September, 2026.

Qwil - 2026 Company Profile, Team, Funding & Competitors

Company Details

Qwil provides an online platform for invoice financing. It also provides a payment gateway for accepting payments from clients. It provides digital media financing for advertising, gaming, publishing, and e-sports industries. It also enables clients to make early payments to businesses.

Website: qwil.com
Social
Email ID: *****@qwil.co
Registered Address: San Francisco, California

Key Metrics

Founded Year

2015

Location

San Francisco, United States

Stage

Acquired

Total Funding

$29.5M in 4 rounds

Latest Funding Round

Conventional Debt, Dec 11, 2019, $*****

Investors

500 Global & 23 more

Ranked

52^nd among 475 active competitors

Employee Count

16 as on May 31, 2026

Similar Companies

Earnin & 271 more

Exit Details

Acquired by LSQ (May 26, 2022)

View Qwil's full profile

Qwil is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
QWILL, INC. CIN: 822110520 , United States, Active	Jun 08, 2017	-	1 (As on Dec 31, 2019)	-

Qwil got acquired by LSQ on May 26, 2022.

Click here to take a look at Qwil's acquisition in detail

Qwil has raised a total funding of $29.5M over 4 rounds. Its first funding round was on Jan 27, 2016. Its latest funding round was a Conventional Debt round on Dec 11, 2019 for $*****. 1 investor participated in its latest round. Qwil has 21 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Qwil:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 11, 2019	2896147	Conventional Debt	5287213	4890382	9836493	4143686
Dec 11, 2019	3770149	Series B	3695123	9251572	5088719	Mosaik Partners & 5 more
Apr 03, 2018	8312120	Series A	6958358	8435179	Mosaik	Ranch Ventures & 4 more

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View details of Qwil's funding rounds and investors

The founders of Qwil is Johnny Reinsch.

Here are the details of Qwil's key team members:

Johnny Reinsch: Co-Founder & CEO of Qwil and founder of 1 other company.

View details of Qwil's Founder profiles and Board Members

Qwil's employee count trend

Qwil has 16 employees as of May 26. Here is Qwil's employee count trend over the years:

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Top competitors of Qwil include Ebury, Earnin and CapBay. Here is the list of Top 10 competitors of Qwil, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ebury 2009, London (United Kingdom), Acquired	Provider of global payment solutions, currency risk management, and business lending	$374M	Vitruvian Partners, 83NORTH & 17 others	79/100
2nd	Earnin 2012, Palo Alto (United States), Series C	Provider of a platform for accessing earned wages and financial tools	$190M	Spark Capital, Felicis Ventures & 17 others	73/100
3rd	CapBay 2016, Petaling Jaya (Malaysia), Series A	Provider of AI-based P2P marketplace for supply chain financing solutions	$27.5M	Kenanga, KK Fund & 1 others	67/100
4th	StrideOne 2021, Gurugram (India), Series B	Provider of tech-led financial services and customised credit solutions for startups and their ecosystem partners	$59M	WaterBridge, Whiteboard Capital & 53 others	63/100
5th	Mynd Fintech 2002, Gurugram (India), Series A	Online marketplace for supply chain financing	$16.3M	SIDBI Venture Capital, Mayfield & 3 others	62/100
6th	First Circle 2016, Taguig (Philippines), Series B	Online platform for trade financing	$37.1M	IFC, Key Capital Partners & 16 others	61/100
7th	AwanTunai 2017, Jakarta (Indonesia), Series B	Provider of supply chain digitization by ERP systems with embedded financing	$55.8M	AMTD Group, Insignia Ventures Partners & 21 others	60/100
8th	Candex 2011, San Francisco (United States), Series C	Online platform for invoice financing	$120M	Goldman Sachs, Advisors.Fund & 24 others	59/100
9th	Lendo 2019, Riyadh (Saudi Arabia), Series B	Online platform for invoice financing	$35.2M	Sanabil, Impact46 & 7 others	58/100
10th	Paytner 2019, Minato (Japan), Series D	Provider of payment processing, credit model development, and recruitment services	$18.5M	Incubate Fund, W inc & 34 others	58/100
52nd	Qwil 2015, San Francisco (United States), Acquired	Online marketplace for invoice financing	$29.5M	PeakSpan Capital, SVB & 22 others	45/100