Colombian fintechs have been very active in the VC space in 2024, with a number of startups raising over $150 million in funding so far.
Latam fintech associations made a significant stride last week by publishing a document proposing joint regulations for open finance.
Chile's fintech Migrante to acquire a motorcycle loan startuup in Colombia. It also changed its name to Galgo, or "greyhound" in Spanish.
A year after launching in Colombia, Argentine neobank Ualá reached 200,000 customers in the country, its CEO Natalia Ríos told Fintech Nexus.
Nubank and Ualá expanded to Colombia to boost customer acquisition. Replicating success in Latin America is no easy feat for digital banks.
Nubank steps up its game in Latin America by offering remittances in Mexico and securing a new license in Colombia.
Plurall and dale! want to expand the supply of credit in the underserved market, providing solutions for small entrepreneurs to prosper.
Druo's technology creates an ecosystem that enables B2B users to charge or pay directly to any bank account without having to go through the complex network of financial intermediaries.
The investment, which was made in two parts, will serve to expand Kala's commercial and engineering team, as well as lay the groundwork to take its operations to other parts of LatAm.
Open Finance is still a new concept in Colombia. However, the country is catching up with a series of regulatory initiatives.