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General Atlantic leads $50M Series C into Bold to grow digital payments in Colombia
Bold provides low-cost payment terminals, called dataphones, that enable small and medium businesses to accept link payments.
Bold, a financial technology company building an electronic payments infrastructure in Colombia, raised $50 million in Series C funding in a round led by existing investor General Atlantic. Cash continues to be king in Latin America, however, electronic payments are gaining traction as the younger generation embraces credit cards and online purchasing. Where Bold differentiates itself is in adding additional layers of services on top of payments, said Luiz Ribeiro, managing director and co-head of General Atlantic’s Brazil office.
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