What is Bold?
Founded in 2019, Bold operates as a leading independent merchant acquirer and a rapidly expanding fintech entity in Colombia. The company is dedicated to empowering entrepreneurs and their businesses through accessible, secure, and affordable financial tools. By offering an innovative POS terminal and a complementary free app, Bold has successfully enabled over 100,000 merchants across Colombia to enhance their sales by accepting a diverse range of payment methods, solidifying its position in the market.
How much funding has Bold raised?
Bold has raised a total of $111.5M across 3 funding rounds:
Series A
$6.5M
Series B
$55M
Series C
$50M
Series A (2020): $6.5M with participation from INVX Global Group, Simma Capital, InQLab, and Condor
Series B (2022): $55M led by Tiger Global Management
Series C (2024): $50M supported by General Atlantic, International Finance, and InQlab
Key Investors in Bold
INVX Global Group
INVX Global Group is an investment banking firm specializing in project finance, restructurings, and capital raisings, with a focus on providing unconflicted advice to corporations and governments. They have offices in the US and Latin America.
Simma Capital
Simma Capital is a venture capital firm that invests in early-stage Latin American startups, providing capital and strategic support. Their investment arms focus on scalable businesses and innovative entrepreneurs.
General Atlantic
General Atlantic is a global growth equity firm that partners with high-growth companies across various sectors, including technology and financial services, to accelerate their expansion and strategic initiatives.
What's next for Bold?
The substantial enterprise-level funding, including the recent strategic investment, positions Bold for accelerated expansion and further innovation. This capital infusion is expected to fuel the company's mission to democratize financial services for small and medium-sized businesses in Colombia and potentially beyond. Strategic initiatives likely include enhancing its product offerings, expanding its merchant network, and strengthening its technological infrastructure to maintain its competitive edge in the dynamic fintech sector.
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