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 Apr 30, 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 $***** Series B round on Dec 11, 2019, with participation from 7 investors. Its primary sector is Alternative Lending. In United States, the Alternative Lending sector has seen $1.79B in funding in 2026 to date.

Where does Qwil rank among its competitors?

Qwil ranks 56th amongst 450 active competitors, of which 135 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Candex, which secured $7M in Mar, 2026.

Who are the top competitors of Qwil?

Qwil's top competitors include Ebury, Earnin and Vayana. Among them, Candex secured the most recent funding round in March, 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

Series B, Dec 11, 2019, $*****

Investors

500 Global & 23 more

Ranked

56^th among 450 active competitors

Employee Count

16 as on Apr 30, 2026

Similar Companies

Earnin & 262 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 Series B round on Dec 11, 2019 for $*****. 7 investors 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	9826530	Series B	3985204	7009941	3921334	2533064
Dec 11, 2019	2895710	Conventional Debt	3889364	3698265	8861784	Jefferies
Apr 03, 2018	7323089	Series A	4020121	2596589	Mosaik	Ranch Ventures & 4 more

Access funding benchmarks and valuations. Sign up today!

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 Apr 26. Here is Qwil's employee count trend over the years:

Uncover Qwil's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Qwil include Ebury, Earnin and Vayana. 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	DST Global, Spark Capital & 16 others	76/100
3rd	Vayana 2009, Pune (India), Series D	Provider of a platform facilitating trade credit and supply chain finance	$91.9M	Trifecta Capital, Jungle Ventures & 27 others	64/100
4th	Lianyirong Digital Technology Group 2016, Shenzhen (China), Public	Provider of an online marketplace for invoice financing	$265M	Tencent, GIC & 16 others	64/100
5th	LSQ 1996, Orlando (United States), Acquired	Online marketplace for trade financing	$130M	Esker France, Lovell Minnick Partners & 1 others	63/100
6th	First Circle 2016, Taguig (Philippines), Series B	Online platform for trade financing	$37.1M	IFC, Accion & 13 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 & 20 others	60/100
8th	40Seas 2022, New York City (United States), Seed	Provider of AI-powered platform for automating receivables, collections, and payments	$17M	QED Investors, Eminence Ventures & 3 others	59/100
9th	Candex 2011, San Francisco (United States), Series C	Online platform for invoice financing	$120M	Goldman Sachs, Advisors.Fund & 25 others	59/100
10th	KredX 2015, Bengaluru (India), Series B	Provider of supply chain finance and automation solutions for enterprises	$33M	Tiger Global Management, Peak XV Partners ... & 1 others	59/100
56th	Qwil 2015, San Francisco (United States), Acquired	Online marketplace for invoice financing	$29.5M	GVA, Polytech Ventures & 22 others	45/100