• 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

Bold secures COP 37.45 billion loan from BBVA Spark to expand credit to MSMEs

FinanceColombiaCuatrecasas35 s readAI summary
Image: Cuatrecasas

Cuatrecasas advised Colombian fintech Bold on a COP 37.45 billion bilateral loan granted by BBVA Spark, aimed at expanding its lending capacity for micro, small and medium-sized companies in Colombia. After six years of operations, Bold has onboarded more than 700,000 merchants to its platform and its card payment processing is equivalent to about COP 20 trillion in annual transactions.

In 35 seconds

  • Cuatrecasas advised Bold on a COP 37.45 billion bilateral loan granted by BBVA Spark.
  • The funds will be used to expand lending to micro, small and medium-sized companies in Colombia.
  • Bold has more than 700,000 merchants on its platform and card payment processing of about COP 20 trillion a year.
Read the full story at Cuatrecasas

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

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