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Tiger Global and General Atlantic led a $55m Series B funding round in Bold.

Synopsis

Private equity firms Tiger Global and General Atlantic led a $55m Series B funding round in Bold, a financial technology company enabling financial access to electronic payments in Colombia, with participation from General Atlantic, Endeavor Catalyst, Piton Capital, GFC, InQLab, Kingsway Capital, Solid Ventures, Grupo Auteco, Amador and Condor Inverlink. “Colombia is at an inflection point in the transition from a cash to a digital payments economy. At Bold, we are passionate about unlocking the growth potential of small business by providing easy to use and affordable financial services, and we see a unique opportunity to accelerate the change to digital payments for the benefit of merchants and consumers alike. We look forward to the support of both Tiger and General Atlantic as we focus on growth and deepening the value that we provide to our customers," José Vélez, Bold Co-Founder and CEO.

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