What is Bold?
Founded in 2019, Bold operates as a leading independent merchant acquirer and a prominent fintech innovator 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 broaden their payment acceptance capabilities, thereby fostering business growth and operational efficiency.
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 Simma Capital, Condor, InQLab, and INVX Global Group
Series B (2022): $55M led by Tiger Global Management
Series C (2024): $50M supported by InQlab, General Atlantic, and International Finance Corporation
Key Investors in Bold
General Atlantic
General Atlantic is a global growth equity firm that provides capital and strategic support to high-growth companies in sectors such as consumer, financial services, healthcare, life sciences, and technology. With dozens of portfolio companies worldwide and offices across the Americas, EMEA, and AsiaPacific, it partners with founders and management teams to accelerate growth, international expansion, and transformational initiatives.
International Finance Corporation
International Finance Corporation operates as a multilateral financial institution dedicated to mobilizing capital and expertise for sustainable development across emerging markets. The organization provides comprehensive financial solutions that combine investment capital, strategic advisory services, and sophisticated asset management capabilities to support private sector growth and infrastructure development in developing economies.
Simma Capital
SIMMA Capital is a Venture Capital firm that invests in early-stage startups in Latin America, focusing on scalable businesses with strong economic fundamentals. The firm aims to empower entrepreneurs by providing not only capital but also valuable connections and knowledge to support their growth.
What's next for Bold?
With the recent major enterprise-level funding, Bold is strategically positioned for accelerated growth and market penetration. The substantial capital injection, particularly the recent strategic investment, signals strong investor confidence in Bold's business model and its potential to disrupt the traditional financial services landscape in Latin America. This financing is anticipated to support the scaling of operations, further development of its technological infrastructure, and potential expansion into new markets, solidifying its role as a key player in the region's burgeoning fintech ecosystem.
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