Tagged: colombia

May 24, 2023 @ 5:41 pm By JD Alois  |  

Superfinanciera Colombia, the financial regulator in Colombia, is pursuing a consultation on Open Banking, according to a recent post. Open Banking, or Open Finance, is a concept for data management in the financial services sector – typically where the consumer controls and owns the data…. Read More

April 28, 2023 @ 8:29 am By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the largest digital financial services platforms in the world, reportedly reached the milestone of 80 million customers in Latin America “in the first week of April 2023, where it maintains operations in Brazil, Mexico and Colombia.”… Read More

April 13, 2023 @ 7:20 pm By Omar Faridi  |  

SMBs based in Latin America have received another boost in lending services with the recent $4 million investment in Kala, a Colombia-headquartered firm creating Fintech infrastructure for enabling more efficient lending. The firm, which has been co-founded by Manuel Alemán, Rodolfo Lazo and Pablo Cattólica… Read More

March 11, 2023 @ 5:20 pm By Omar Faridi  |  

Binance, which claims to be the world’s leading blockchain and cryptocurrency infrastructure provider, has announced the launch of Binance Card in Colombia. One of Binance‘s top markets boasting high levels of crypto adoption, Colombia becomes the third country in Latin America “to support the product,… Read More

February 12, 2023 @ 8:47 pm By Omar Faridi  |  

Nu Colombia, Nubank’s (NYSE: NU) subsidiary in the country, announces that Catalina Breton, who has served as General Manager for the past 4 years, will be “stepping down from her role in the upcoming weeks to focus on personal projects.” Breton will be working “with… Read More

January 30, 2023 @ 11:01 am By JD Alois  |  

Bamboo Capital, a VC impact investor, has exited its investment in Banco W based in Colombia, according to a note from the firm. Banco W S.A. is a regulated entity authorized by the Financial Superintendency of Colombia, created in 2011. Banco W aims to promote… Read More

October 19, 2022 @ 5:04 pm By Omar Faridi  |  

Trulioo, a global identity verification company, has updated its coverage across Latin America, “expanding access to the Dominican Republic and Uruguay and significantly strengthening data sources in Colombia and Mexico.” Those additions “bolster the company’s ability to serve customers streamlining operations in Latin America or… Read More

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