Tagged: colombia

October 6, 2022 @ 12:48 pm By Omar Faridi  |  

Argentina-based Fintech firm Uala will reportedly be investing $150 million over the upcoming 18 months in order to support its virtual banking business, primarily in Mexico and Colombia. This, according to company CEO Pierpaolo Barbieri (whose comments came during a recent interview with Reuters). The… Read More

September 28, 2022 @ 9:28 am By Omar Faridi  |  

Volante Technologies, which claims to be the global leader in cloud payments and financial messaging, announced that ACH Colombia, a financial technology company, “has gone live with a new banking portal featuring a superior digital payments experience aligned with the social media and ecommerce platforms… Read More

September 27, 2022 @ 12:24 pm By Omar Faridi  |  

Nubank (NYSE: NU) reached the mark of 70 million customers in Latin America, “with 66.4 million users in the Brazilian operation, 3.2 million in Mexico, and more than 400 thousand in Colombia.” The company, the fifth largest financial institution in Brazil in number of customers,… Read More

September 15, 2022 @ 9:12 am By JD Alois  |  

PayU has received regulatory approval to acquire Tecnipagos S.A., doing business as Ding, a company providing electronic payments and deposits in Colombia. PayU is the payments operation of Prosus. In a corporate statement, PayU noted that it is present in more than 50 markets around… Read More

August 23, 2022 @ 4:58 pm By JD Alois  |  

The IDB Group and Colombia’s Davivienda Bank have completed the first blockchain-based bonds in Latin America and the Caribbean. The IDG Group includes the Inter-American Development Bank, IDB Invest and IDB Lab.  Davivienda Bank, part of Grupo Bolívar, is the second largest bank by gross… Read More

July 12, 2022 @ 8:53 am By Omar Faridi  |  

The Latin American digital asset exchange Bitso has introduced a cryptocurrency remittance service in Colombia. The service, which should enable individual consumers and businesses to send and receive “digital dollars,” is reportedly one of the first crypto-based remittance products offered in Colombia to date, according… Read More

May 12, 2022 @ 10:07 pm By Omar Faridi  |  

The Agri-Business Capital Fund (ABC Fund) recently revealed that it has finalized $3 million loan to Colombia-headquartered Finamiga, which mainly focuses on lending to small farmers as well as independent workers. As mentioned in the update, the lending brings the Fund’s total number of investments… Read More

May 5, 2022 @ 10:14 am By JD Alois  |  

BPC will help Mexican company Up Sí Vale by providing end-to-end payment services, according to a statement by the company. Up Sí Vale is a prepaid card issuer serving over 4 million customers throughout Mexico.  Up Sí Vale offers a range of prepaid “all-in-one” services… Read More

April 20, 2022 @ 10:43 pm By JD Alois  |  

Treinta, a super-app that aims to provide SMEs with a range of services supporting these firms across the Latam region, has raised a large $46 million Series A funding. According to the company’s website, in Latin America there are more than 50 million microenterprises, of… Read More

April 14, 2022 @ 8:49 am By Omar Faridi  |  

Nubank (NYSE: NU), one of the largest digital financial services platforms globally, recently announced that it strengthened its international operations by obtaining a credit line of $650 million, which will be “invested in the Mexican and Colombian markets, where the company operates under the name… Read More

March 31, 2022 @ 2:37 pm By Tony Zerucha  |  

Colombian-based consumer and fintech company Leal has raised a $10 million Series A round co-led by Rakuten Group (through its investment arm Rakuten Capital) and IDC Ventures. This will enable the company to launch its co-branded credit card and scale its operation in Mexico. Latin American consumers lack access to… Read More

March 26, 2022 @ 9:30 pm By Omar Faridi  |  

Plurall, a Colombian Fintech firm that’s focused on enhancing the financial inclusion of Solopreneurs in Latin America, finalized a pre-seed round by securing $1.5 million in equity and $10 million debt financing, marking a key milestone for entrepreneurship in the region. Supported by well-known investors… Read More

March 22, 2022 @ 4:51 pm By Tony Zerucha  |  

Galileo, a subsidiary of SoFi (NASDAQ: SOFI), today announced its recent expansion into Colombia. The company currently provides services in Colombia where it can partner with issuers, banks, e-commerce, and Fintechs to enable its digital financial services offerings. Since Galileo’s arrival in Mexico in 2020, it has… Read More

March 1, 2022 @ 3:27 pm By Tony Zerucha  |  

Paysend, a provider of card-to-card and international payments services, today announced the expansion of its cross-border money transfer services to Colombia with MOVii, a mobile wallet service in Colombia. Using global payments infrastructure company Terrapay, Paysend will enable U.S. and European customers to send money via MOVii mobile… Read More

January 11, 2022 @ 4:12 pm By Omar Faridi  |  

Financial services have become a lot more accessible, seamless, and user-friendly in the past decade due largely to the rise of innovative Fintech platforms throughout the world. Traditional banking service providers have launched their own digital transformation strategies in order to remain competitive in a… Read More

January 11, 2022 @ 12:59 am By Omar Faridi  |  

Azimo, a firm that claims to enable faster, cheaper global money transfers, has explained that Abono Automático (or automatic deposit) is a legal requirement that Bancolombia customers have to “enable before receiving Colombian pesos (COP) from overseas.” After that, users may deposit COP directly into… Read More

December 28, 2021 @ 10:37 am By Omar Faridi  |  

Addi, a startup that has experienced steady growth by providing clients in Latin America the chance to use Buy Now, Pay Later (BNPL) services, recently secured $200 million of debt and equity in order to support an expansion in the region. The Bogota-headquartered Fintech confirmed… Read More

December 26, 2021 @ 9:30 pm By Omar Faridi  |  

Rapyd, a Fintech-as-a-Service firm, shared the results of a survey exploring the adoption of digital finance tools and e-commerce in Argentina, Colombia, Mexico, and Brazil. Even though the region has a fairly large unbanked population, the survey revealed that among those with active bank accounts,… Read More

November 12, 2021 @ 9:36 am By JD Alois  |  

Global investment platform OurCrowd has inked another Memorandum of Understanding (MOU) – this time with an entity from Colombia. According to an email distributed by OurCrowd, they have signed an MOU with iNNpulsa to establish a fund to invest in OurCrowd portfolio companies, as well… Read More

May 27, 2021 @ 10:24 am By Samantha Hurst  |  

ADDI, a Latin-America-based Buy Now Pay Later platform, announced on Thursday it secured $65 million through its Series B funding round, which was led by Union Square ventures. The company also announced its new strategic partnership with Banco Santander. Founded in 2018, ADDI claims it was… Read More