What Bold Does
Bold (bold.com.co) is a Colombian financial technology company that helps small and medium-sized merchants accept digital payments and manage their money. Its core product is a range of low-cost payment terminals (datafonos) that let businesses take credit and debit cards, PSE, and local wallet payments both in person and online. Bold also offers Cuenta Bold, a digital business account that lets merchants receive sales proceeds quickly and earn interest on their balance, plus complementary financial tools aimed at improving cash flow and financial inclusion for underbanked businesses. The company reports more than 150,000 monthly active merchants.
Company and Funding
Founded in 2019 in Bogota by a team led by Jose Velez along with Ana Sandoval, Sergio Vergara, Jorge Ulloa, and Enrique Ramirez, Bold's mission is to democratize Colombia's digital economy. The company has raised well over $100 million across multiple rounds, including a $50 million Series C in February 2024 led by General Atlantic with participation from IFC. Bold has scaled to several hundred employees and continues to expand its merchant base and product suite across Colombia.