Colombian fintech startup, Bold, has successfully secured a $50M Series C funding round led by General Atlantic. The funding round also saw participation from InQLab, Amador Holdings, and the International Finance Corporation (IFC). This capital injection will be utilized for product development and to further expand Bold’s operations within Colombia.
Bold specializes in providing low-cost payment terminals for businesses, facilitating both card and digital payments. The company has recently obtained a financial institution license, enabling it to offer businesses a bank account. This strategic move aligns with Bold’s mission to enhance accessibility to digital financial services within Colombia.
Luiz Ribeiro, Managing Director at General Atlantic, expressed confidence in Bold’s potential, stating, ‘We believe Bold is at the forefront of Colombia’s emerging economy and playing a key role in bringing accessibility to digital financial services.’
Established in 2019, Bold currently serves over 150,000 merchants on a monthly basis, showcasing its significant impact within the Colombian market.
