PROJECT

Projects

Summary of Investment Information

Project Number

47920

Company Name

BOLD VENTURES SL

Date SPI Disclosed

Jul 26, 2023

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Aug 22, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 13, 2023

Department

Disruptive Tech, Service & Funds

Industry

Financial Markets

Previous Events

Approved : Sep 8, 2023
Signed : Dec 6, 2023
Invested : Dec 11, 2023

Sector

Retail Payment Points

Project Description

 The project consists of an equity investment for a minority stake in Bold Ventures SL. (“Bold”, or the “Company”), an independent offline payment acquirer in Colombia that enables offline merchants to accept card and digital payments. IFC is proposing up to US$10 million in preferred equity financing to support the Company’s operations and continued expansion.                                                 

Associated Advisory Engagement

                                                         

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation