Colombian payments startup Bold raised a $50M Series C led by General Atlantic. InQLab, Amador Holdings, and the International Finance Corporation (IFC) also participated in the round. Bold will use the capital for product development and to continue its expansion in Colombia.
Bold provides low-cost payment terminals for businesses, supporting both card and digital payments, and has also recently received a financial institution license to offer businesses a bank account.
“We believe Bold is at the forefront of Colombia’s emerging economy and playing a key role in bringing accessibility to digital financial services,” said Luiz Ribeiro, Managing Director at General Atlantic.
Founded in 2019, Bold now serves over 150,000 merchants monthly.
Read more on General Atlantic and Tech Crunch