What is Bold?
Founded in 2019, Bold has rapidly evolved into a leading independent merchant acquirer within Colombia. The company provides a comprehensive suite of financial tools, including innovative point-of-sale terminals and a proprietary mobile application, designed to streamline payment processing for over 100,000 merchants. By prioritizing accessibility and security, Bold empowers small and medium-sized enterprises to scale their operations, effectively democratizing access to financial services in a market historically underserved by legacy banking institutions.
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, InQLab, Condor, and Simma Capital
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
A global growth equity firm that provides capital and strategic support to high-growth companies across the technology and financial services sectors.
International Finance Corporation
A multilateral financial institution dedicated to mobilizing capital and expertise for sustainable development and private sector growth in emerging markets.
Tiger Global Management
A prominent investment firm that deploys significant capital across both public and private markets, with a focus on high-growth technology enterprises.
What's next for Bold?
With the successful closure of this major enterprise-level funding, Bold is well-positioned to accelerate its market penetration and product diversification. The strategic injection of capital will likely be deployed toward enhancing its technological infrastructure, expanding its merchant network, and potentially exploring new financial product verticals. As the company matures, its focus will remain on maintaining its competitive edge through superior user experience and robust payment solutions, further cementing its status as a cornerstone of the Latin American fintech ecosystem.
See full Bold company page
