Colombia

Colombian Payment Service Provider Bold Raises $50 Million to Expand Products for SMBs

Colombian Payment Service Provider Bold Raises $50 Million to Expand Products for SMBs
Colombian Payment Service Provider Bold Raises $50 Million to Expand Products for SMBs
February 14, 2024  |  Investments

Colombian FinTech Bold raised $50 million to expand its payments terminal offering. The company announced the General Atlantic-led Series C round Wednesday (Feb. 14), saying...

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Nubank Approaches $1 Billion in Revenue Amid Mexican Expansion
Nubank Approaches $1 Billion in Revenue Amid Mexican Expansion
February 06, 2024  |  Banking

Brazilian neobank Nubank is predicting it will someday become Latin America’s largest financial service company. “I think that will happen eventually,” CEO David Vélez told the Financial Times (FT)...

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Real-Time Payments Put Spotlight on Small Businesses as New Year Begins
Real-Time Payments Put Spotlight on Small Businesses as New Year Begins
January 09, 2024  |  Real-Time Payments

As the new year begins, the global demand for faster, streamlined transactions continues to fuel the expansion of real-time payments worldwide. Countries are employing diverse...

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Citi Provides Investment and Technology to Colombian FinTech Supra
Citi Provides Investment and Technology to Colombian FinTech Supra
December 11, 2023  |  Investments

Citi has led a strategic investment round in Supra, a Colombian FinTech that enables cross-border payments and treasury solutions. Supra provides these solutions to small...

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Cobre Raises $13 Million to Expand Payment Automation Platform
Cobre Raises $13 Million to Expand Payment Automation Platform
October 05, 2023  |  Investments

Cobre has reportedly raised $13 million to take its treasury platform beyond its native Colombia. As TechCrunch reported Thursday (Oct. 5), the company plans to enter Mexico...

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FTC Strengthens Cooperation With Latin American Partners to Fight Fraud
FTC Strengthens Cooperation With Latin American Partners to Fight Fraud
September 29, 2023  |  Fraud Prevention

The Federal Trade Commission (FTC) has partnered with consumer protection authorities from four Latin American countries — Chile, Colombia, Mexico and Peru — to combat cross-border fraud....

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Mastercard to Terminate Co-Branded Card Partnership With Binance
Mastercard to Terminate Co-Branded Card Partnership With Binance
August 24, 2023  |  Cryptocurrency

Mastercard will terminate its partnership with cryptocurrency exchange Binance Holdings. This decision will impact all four of Mastercard’s co-branded card programs with Binance, which are in Argentina,...

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Rappi and R2 to Provide Loans to Restaurants in Mexico and Colombia
Rappi and R2 to Provide Loans to Restaurants in Mexico and Colombia
July 27, 2023  |  ResTech

Rappi, a Latin American delivery app backed by SoftBank, is partnering with FinTech R2 to provide loans to restaurants in Mexico and Colombia. Restaurants selling via the...

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