Colombian payments fintech Bold has successfully raised $50 million in a Series C funding round led by General Atlantic. Participants in this round included the International Finance Corporation, InQLab, and Amador, following a previous $55 million Series B round two years prior.
Founded in 2019, Bold offers low-cost payment terminals that allow small businesses to accept both card-present and card-not-present payments. The startup currently supports over 150,000 monthly active merchants and is committed to promoting financial inclusion by democratizing Colombia’s digital economy.
José Vélez, CEO of Bold, stated, “Our work continues to empower small businesses by breaking payment barriers in Colombia. Now, thousands of merchants have access to digital financial services and can focus on the growth and success of their businesses.”