• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

BBVA Spark grants COP37.45 billion structured loan to Colombian fintech Bold

FinanceColombiaLexLatin35 s readAI summary
Image: LexLatin

BBVA Spark, BBVA's arm offering debt solutions and financial services to startups, scaleups and venture capital funds, granted 37.45 billion Colombian pesos (about 11.9 million dollars) to Bold, a fintech that manages loans for micro, small and medium-sized companies. The deal, announced on October 23, consisted of a secured senior loan that expands Bold's financing capacity and facilitates its access to working capital. Cuatrecasas - Bogotá advised Bold and Philippi Prietocarrizosa Ferrero Du & Uría advised BBVA Spark.

In 35 seconds

  • BBVA Spark granted COP37.45 billion (about 11.9 million dollars) to Colombian fintech Bold.
  • The financing is a secured senior loan that expands Bold's financing capacity and its access to working capital.
  • Cuatrecasas - Bogotá advised Bold; Philippi Prietocarrizosa Ferrero Du & Uría advised BBVA Spark.
Read the full story at LexLatin

IASummary generated by artificial intelligence from a story by LexLatin. It may contain errors: the original source prevails.

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