Global banking giant Citi led a funding round in
Colombian fintech Supra aimed at enhancing cross-border payments in the
country. Supra aims to empower Colombia’s SMBs engaged in import and export
activities by offering customized cross-border payment and treasury solutions.
Emilio Pardo, the CEO and Co-Founder of Supra
mentioned: “At Supra, we are developing cutting-edge cross-border payment
solutions that provide value-added services to our clients as well as
transaction speed and highly competitive rates.” Far Out Ventures and H20
Capital joined Citi in this financing round.
According to the company’s official statement shared
on Businesswire, the Colombian market has more than 40,000 actively
participating in import and export commercial activities. This translates to
business-to-business cross-border payments estimated at around $134 billion in
2022, as per data from the Colombian Tax Authorities (DIAN).
Expect ongoing updates as this story evolves…
Global banking giant Citi led a funding round in
Colombian fintech Supra aimed at enhancing cross-border payments in the
country. Supra aims to empower Colombia’s SMBs engaged in import and export
activities by offering customized cross-border payment and treasury solutions.
Emilio Pardo, the CEO and Co-Founder of Supra
mentioned: “At Supra, we are developing cutting-edge cross-border payment
solutions that provide value-added services to our clients as well as
transaction speed and highly competitive rates.” Far Out Ventures and H20
Capital joined Citi in this financing round.
According to the company’s official statement shared
on Businesswire, the Colombian market has more than 40,000 actively
participating in import and export commercial activities. This translates to
business-to-business cross-border payments estimated at around $134 billion in
2022, as per data from the Colombian Tax Authorities (DIAN).
Expect ongoing updates as this story evolves…