Colombian fintech Tpaga announced a $10M from various investors.
EWA Capital, Mountain Partners, Star 26, Fundación Botnar, and New Ventures participated in the round.
Tpaga is a digital mobile payments platform aiming to bring greater access to digital finance to millions of Colombians.
According to the Banco de la República, 87% of Colombians still use cash for their day-to-day payments.
The Tpaga app allows customers to open a digital savings account with multiple services.
These include paying bills, managing income and money transfers, investment, and credit service.
The Colombian fintech Tpaga reached one million users in 2021.
The startup is considering new products such as international payments features and the ability to buy online from e-commerce stores with the Tpaga account.
The platform previously raised $2.2M from Green Visor Capital and Y Combinator in 2018. The Colombian startup has raised a total of $15.1M since its inception.
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