Bold, a Colombian fintech startup founded in 2019, has secured $100 million in its latest Series C funding round, marking a significant milestone in its mission to revolutionize the country’s digital economy. The financing round, led by the International Finance Corporation (IFC), InQLab, and Amador, underscores the growing investor confidence in Bold’s innovative payment solutions tailored for small businesses.

The infusion of capital comes on the heels of a successful $55 million Series B round just two years ago, highlighting Bold’s rapid growth trajectory and its pivotal role in driving financial inclusion across Colombia.

At the heart of Bold’s mission lies its commitment to democratizing access to digital financial services for small businesses. Through its low-cost payment terminals, Bold empowers merchants to seamlessly accept both card-present and card-not-present transactions, eliminating barriers to entry and fostering greater participation in Colombia’s burgeoning digital economy.

With over 150,000 monthly active merchants onboarded to its platform, Bold has emerged as a trailblazer in the Colombian fintech landscape, championing the cause of financial inclusion and economic empowerment.

José Vélez, CEO of Bold, expressed his enthusiasm for the company’s ongoing efforts to empower small businesses and drive economic growth across Colombia. Vélez remarked, “Our work continues to empower small businesses by breaking payment barriers in Colombia. Now, thousands of merchants have access to digital financial services and can focus on the growth and success of their businesses.”

Bold’s innovative payment solutions have positioned it as a catalyst for change in Colombia’s economic landscape. By providing merchants with affordable, user-friendly payment terminals, Bold is paving the way for greater financial access and opportunity, fueling entrepreneurship and driving economic prosperity at the grassroots level.

The Series C funding round represents a vote of confidence from investors in Bold’s vision and strategic direction. With the new capital injection, Bold is poised to expand its reach, deepen its impact, and further strengthen its position as a leading force in Colombia’s fintech revolution.

As Bold continues to scale its operations and amplify its impact, it remains committed to its core mission of empowering small businesses, driving financial inclusion, and catalyzing economic growth across Colombia. With the support of its investors and partners, Bold is well-positioned to chart a path towards a more inclusive and prosperous digital future for all.

By Admin

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