Bold, a Colombian Fintech Company Will Launch a Deposit Account for Businesses of all Sizes

Bold, a Colombian fintech company, has revealed plans to launch its new Bold Account with a Mastercard business card in the coming months. This free digital product will allow businesses of all sizes to quickly receive revenue from their sales and manage it efficiently.

Currently, Bold has opened a waiting list for those who wish to be the first to use this product, with the expectation of reaching more than 10,000 registrations by the end of May.

The product offers several benefits, including fast receipt of sales proceeds, free transfers to other Bold accounts, the ability to make and receive transfers from any national bank, withdrawals at ATMs with the Mastercard logo both inside and outside the country, withdrawals in Efecty points and PSE recharges to the account.

Bold is introducing this new financial product in the Colombian market to boost the country’s entrepreneurship ecosystem

José Vélez, CEO and founder of Bold, highlighted that this product was developed to help small and medium-sized businesses in Colombia that often have difficulties accessing adequate financial products. The solution will allow entrepreneurs to manage their finances more easily by centralizing all financial control in one place.

After connecting more than 500,000 businesses with dataphones and achieving 91% satisfaction among its users, Bold is introducing this new financial product in the Colombian market to boost the country’s entrepreneurship ecosystem. The Bold Account will be a low-amount deposit offered by Bold CF Compañía de Financiamiento, an entity supervised by the Financial Superintendence of Colombia.

Federico Martínez, Mastercard leader for Colombia, Venezuela, Ecuador, Suriname and Guyana, expressed his enthusiasm for collaborating with Bold in the launch of this product. This strategic alliance will allow Mastercard to continue promoting the financial inclusion of small and medium-sized businesses in the country.

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(Featured image by Steve Harvey via Unsplash)

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First published in Semana. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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