What is Bold?
Founded in 2019, Bold has rapidly emerged as a leading independent merchant acquirer in Colombia. The company provides a comprehensive suite of financial tools, including innovative POS terminals and a proprietary mobile application, designed to simplify payment processing for small and medium-sized enterprises. By enabling over 100,000 merchants to accept diverse payment methods, Bold addresses a significant gap in the local financial ecosystem, fostering economic inclusion and operational efficiency for entrepreneurs who were previously underserved by traditional banking institutions. Its market position is defined by a commitment to affordability, security, and user-centric design, which has allowed it to capture significant market share in a competitive fintech environment.
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, InQLab, INVX Global Group, and Condor
Series B (2022): $55M led by Tiger Global Management
Series C (2024): $50M supported by InQlab, International Finance, and General Atlantic
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.
International Finance Corporation
The International Finance Corporation is a multilateral financial institution dedicated to mobilizing capital and expertise for sustainable development across emerging markets, focusing on private sector growth.
Tiger Global Management
Tiger Global Management is a prominent investment firm that deploys capital across both public and private markets, with a strong track record of backing high-growth technology companies.
What's next for Bold?
With the recent influx of capital, Bold is well-positioned to accelerate its strategic roadmap, focusing on deepening its product ecosystem and enhancing its technological infrastructure. The company is expected to leverage these resources to scale its merchant base further and potentially explore adjacent financial services that complement its core payment processing capabilities. As the Colombian fintech sector matures, Bold's ability to maintain its growth momentum will likely depend on its capacity to integrate advanced data analytics and expand its service offerings to meet the evolving needs of its diverse merchant network. The continued support from global institutional investors suggests a long-term outlook centered on regional dominance and sustainable value creation.
See full Bold company page
