trending Market Intelligence /marketintelligence/en/news-insights/trending/p3wG9aS02nyGbjtU18EgNw2 content esgSubNav
In This List

Bulgarian fintech Credissimo sets foot in Colombia

Blog

Spotlight on sustainability: How banks can overcome the challenges of achieving net-zero emissions by 2050

Blog

Insight Weekly: US election scenarios; borrowing costs rise; commercial REIT fears

Podcast

Street Talk | Episode 100 - KBW CEO offers optimism for bears fearful of bank liquidity, credit

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall


Bulgarian fintech Credissimo sets foot in Colombia

Bulgarian online lender Credissimo AD-Sofia has initiated operations in the Latin American market with a hub in Colombia, La República reported.

According to CEO Sokol Lankop, the fintech will offer two short-term financing products. one of which is a salary loan of up to 850,000 Colombian pesos. The company's goal is to reach between 60,000 and 100,000 customers after the first year.

The executive reportedly said they picked Colombia due to the stability of income as well as economic growth that he deemed better than that in Mexico and Brazil, among other things.

As of Dec. 17, US$1 was equivalent to 3,188.90 Colombian pesos.