Colombia

Colombian FinTech Bold Raises $55M
Colombian FinTech Bold Raises $55M
February 03, 2022  |  Investments

Colombian FinTech Bold has raised $55 million in a Series B round led by Tiger Global Management, the Bogota-based company announced in a news release...

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Clave, Kandeo to Expand Consumer Lending in Colombia 
Clave, Kandeo to Expand Consumer Lending in Colombia 
December 07, 2021  |  News

Two Latin American companies — the consumer lending platform Clave and the private equity firm Kandeo Asset Management — say they are joining forces to...

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Brazil, Colombia Lead Latin America for FinTech Growth
Brazil, Colombia Lead Latin America for FinTech Growth
November 01, 2021  |  Fintech Investments

The FinTech trade is flourishing in Colombia, with an expansion of 120% each year and investments of more than $1 billion in the past three...

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Surging Debit Use Leads ‘Eighty-Fold’ Acceleration in LatAm Digital Payments
Surging Debit Use Leads ‘Eighty-Fold’ Acceleration in LatAm Digital Payments
October 25, 2021  |  Payment Methods

In just two years, Latin American debit and credit card use rates have essentially swapped their market share positions.  In 2019, roughly 60% of the...

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Deep Dive: How Colombia Can Provide a Blueprint for Latin American Digital Payments Growth
Deep Dive: How Colombia Can Provide a Blueprint for Latin American Digital Payments Growth
October 22, 2021  |  Digital Payments

The global health crisis provided an immediate jolt for Latin America’s nascent online payments ecosystem. One recent study determined that more than 60% of the region’s consumers reduced...

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Banco de Bogotá on How 2020 Shaped Colombia’s Digital Payments Ecosystem
Banco de Bogotá on How 2020 Shaped Colombia’s Digital Payments Ecosystem
October 21, 2021  |  Digital Payments

The once cash-centric Colombian economy is undergoing a digital payments renaissance with consumers now choosing speed and convenience over old habits. In the latest Digitizing...

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Uber Re-enters Colombia With New Rental Service
Uber Re-enters Colombia With New Rental Service
February 20, 2020  |  Ridesharing

Less than a month after its exit, Uber is back in Colombia, according to a Reuters report . The ridesharing company returned on Thursday (Feb....

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Uber Makes Last-Ditch Effort To Stay In Colombia
Uber Makes Last-Ditch Effort To Stay In Colombia
January 21, 2020  |  Ridesharing

After a ruling by a location regulator that the firm wasn’t fairly engaged in competition, Uber Technologies Inc. is asking for the Colombian government to put emergency...

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Colombian Regulators Order Uber To Shut Down
Colombian Regulators Order Uber To Shut Down
January 12, 2020  |  Ridesharing

Uber will cease operating in Colombia at the end of the month, the company said in a statement. The decision — the latest blow to...

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