Bold and its USD$40 million investment round led by General Atlantic

Bold, the Colombian fintech, announced that it has raised a new $40 million investment round led by General Atlantic, a leading global growth investor. The round also included participation from Cóndor Inverlink, InQlab, and the International Finance Corporation (IFC) of the World Bank.

The funding will strengthen Bold’s operations in Colombia and support its regional expansion, enabling the company to broaden its ecosystem of payments and financial services for SMEs across Latin America.

How Bold Empowers Small and Medium Businesses

Founded in 2019, Bold helps SMEs transition from cash-based systems to a fully digital financial ecosystem. The platform offers a variety of services, including:

• Payment solutions via POS terminals and long-distance transactions
• Loans and deposit accounts
• Integrated business management tools

Currently, approximately 200,000 active users utilize Bold’s services every month.

“Our mission is to unlock the potential of entrepreneurs across the region by offering a different financial experience, from receiving payments to accessing growth-driving loans. We are achieving this with the support of top-tier global investors. We are ready to transform the payment ecosystem in Latin America,” said José Vélez, CEO and co-founder of Bold.

Strategic Moves for Regional Growth

As part of its expansion strategy, Bold recently acquired VendeMás, a leading payment facilitator in Peru formerly owned by Niubiz, which serves around 30,000 active clients per month. This acquisition represents a decisive step in Bold’s regional growth plans.

Additionally, Bold has started offering the Bold Account and profitability products for personal use in Colombia, not just for businesses. Through the app, users can now access interest-bearing products such as Bolsillos and CDTs, further strengthening Bold’s domestic presence.

With this latest funding and strategic initiatives, Bold is poised to expand its financial services ecosystem, bringing more SMEs and individuals in Latin America into the digital economy. Its combination of payments, loans, and integrated business tools, together with recent acquisitions, positions the company as a key player in the region’s fintech landscape.