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Druo Processes $50 Million in International Transactions

Druo, a Colombian fintech company, responds to the need for streamlined and cost-effective financial processes in the payments sector amid increasing digitalization. Their platform simplifies global payment collections directly from bank accounts, reducing waiting times to 24-48 hours. The company boasts over 1 billion available bank accounts and $50 million processed in two years.




The increasing digitalization of the financial ecosystem has given rise to a number of innovative technological solutions, especially in the payments sector, where companies suffer from a lack of automation and high costs. As a result of this situation, new solutions like Druo, have emerged that simplify these processes, make them more economical and, most importantly, integrate more actors.

Precisely, PwC’s Payments 2025 & Beyond report indicates that the increase in digital payment operations will be one of the strongest trends in the market, exceeding three billion transactions by 2030.

It was in this scenario that Druo, a Colombian fintech company, was founded. Druo created a network of global bank accounts to simplify financial processes and give greater collection control to companies in all economic sectors , allowing them to collect or receive local or international payments directly from their bank accounts, at any time, with less time. waiting time and low costs.

In practice, through its platform, a company can debit a bank account and receive confirmation or authorization in real time or on the same day and access resources in the next 24 to 48 business hours once the operation is completed, while in traditional systems this same process can take up to 5 business days.

According to Alejandro Pinzón and Simón Pinilla, founders of Fintech, “Druo’s vision is to make it easier for any company or person to pay from their bank account, even internationally, without having to use a credit or debit card. “Our purpose is to provide access to the global and modern economy with just a bank account or digital wallet so that, for example, a person in Colombia can pay for global services such as Uber, Netflix or Amazon, which is currently impossible without plastic.”

Druo created a network of global bank accounts to simplify financial processes. Source

Druo created a network of global bank accounts to simplify financial processes

Druo said that this new payment model has more than 1,000 million bank accounts available in its network of banks in Colombia, Mexico, Peru and the United States. Likewise, the volume of its transactions has grown by more than 20% month after month, exceeding US$50 million processed in two years. Likewise, during this same time, more than 400,000 users have paid for products or services from companies in the region using their technology, which has the highest security standards.

According to Pinzón and Pinilla, the novelty in their model is returning to the traditional financial product that is bank accounts, to make transactions simpler, eliminating intermediaries and complex procedures, thus reducing the costs of these operations.

“To achieve this goal, we went back to the basics: the bank account. This is the place where the real value is stored, which is why we built an international network to connect all the accounts. The money in our network moves from the source account to the destination account, hence the term account-to-account payments,” they said.


(Featured image by Firmbee via Pixabay)

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

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Valerie Harrison is a mom of two who likes reporting about the world of finance. She learned about the value of investing at a young age upon taking over her family's textile business when she was just a teenager. Valerie's passion for writing can be traced back to working with an editorial team at her corporate job, where she spent significant time working on market analysis and stock market predictions. Her portfolio includes real estate funds, government bonds, and equities in emerging markets such as cannabis, artificial intelligence, and cryptocurrencies.