Siuma Capital has facilitated the sale of a minority stake in Puntored to the Stellar Enterprise Fund, marking Stellar's first investment in Colombia and aiming to enhance Puntored's capabilities in cross-border transactions through blockchain technology.
Information on the Target
Puntored is a prominent alternative payments company based in Latin America, dedicated to empowering both businesses and individuals through seamless financial services. The company achieves this through its innovative APIs and embedded digital solutions, making financial transactions smooth and accessible for a vast user base. With an operational network that mobilizes over $5.5 billion annually via more than 100,000 access points, Puntored has a significant impact, benefiting over 3 million families.
Offering a diverse portfolio of over 30,000 products and services, Puntored includes features such as embedded payments, service recharges, and digital wallet transactions. Recently, the company has expanded its reach into the Mexican market by acquiring GestoPago, further solidifying its commitment to providing financial services throughout Latin America.
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Industry Overview in Colombia
The fintech sector in Colombia has experienced substantial growth in recent years, driven by an increasing demand for financial inclusion and digital solutions. As traditional banking models are evolving, there is a significant
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Disclosed details
Revenue: $5,500M