Puntored
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Puntored - overview
Established
2004
Location
Bogota, -, Colombia
Primary Industry
Financial Services
About
Puntored is a Colombian digital payment platform that aims to enhance financial inclusion by offering diverse payment solutions through its innovative Super API, integrating both physical and digital channels. Puntored, operating under Conexred S. A. S.
, is a digital payment platform based in Bogota, Colombia. Founded in 2004 by Andres Alban, the company has focused on providing comprehensive financial solutions. The latest funding round of USD 2. 00 mn occurred on August 30, 2024, with Stellar Development Foundation as the investor.
Puntored has successfully completed 2 deals and has raised a total of USD 2. 00 mn to date. Puntored provides a comprehensive suite of digital payment services aimed at enhancing financial inclusion in Colombia. Through its Super API, the platform integrates physical and digital payment channels, offering access to over 1,000 financial products and services.
Key offerings include Embedded Finance, enabling businesses to integrate financial services, and Mass Payments for efficient fund disbursement. Puntored also operates a banking correspondent network to facilitate essential banking services in underserved areas, catering to various clients including banks, fintechs, and government entities. In 2024, Puntored reported a revenue of USD 221. 14 mn, with an EBITDA of USD 8.
34 mn. The company generates revenue through transactional services and partnerships with financial institutions, operating on a B2B model that ensures compliance with high security standards. Revenue is derived from transaction fees and potential subscription models for access to data services for its user base of over 18 million active accounts. Following the recent funding of USD 2.
00 mn raised on August 30, 2024, from Stellar Development Foundation, Puntored plans to utilize these resources to support its technological and geographic expansion. The company is focused on launching new products that will enhance its service offerings while also aiming to expand into new markets across Latin America.
Current Investors
U.S. International Development Finance Corporation, SEAF, U.S. Agency for International Development
Primary Industry
Financial Services
Sub Industries
e-Financial, Retail Banks, Accounting/Finance Software, Application Integration Software
Website
www.puntored.co
Verticals
Big Data, FinTech
Company Stage
Early Stage
Total Amount Raised
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