September 04, 2024
Puntored, a Colombian fintech company, offers financial services such as payments, credits, remittances, and prepaid services to low- and middle-income populations in Latin America. They have secured $2 million in funding from the Stellar Development Foundation (SDF) through its Stellar Enterprise Fund.
Project | Latest Raise Date | Lead Investor | Category |
|---|---|---|---|
Puntored | September 04, 2024 | Stellar Development Foundation | FinTech |
The funds will be used to enhance Puntored’s technology and facilitate cross-border transactions across Latin America using the Stellar blockchain network. Puntored provides services like a digital wallet, embedded payment solutions for businesses, and credit for SMEs, reaching users in rural, metropolitan, and remote areas in Mexico, Colombia, and Puerto Rico. With the Stellar network integration, over 18 million users in the region will benefit from faster and more affordable financial services.
About Puntored
Puntored is a Colombian fintech company that provides a range of financial services aimed at promoting financial inclusion in Latin America. They offer services such as payments, credits, remittances, and prepaid services, targeting low- and middle-income populations. Puntored’s platform includes a digital wallet, embedded payment solutions for businesses, and credit options for small and medium-sized enterprises (SMEs). They operate in rural, metropolitan, and hard-to-reach areas across Mexico, Colombia, and Puerto Rico.
Website: https://puntored.co/
About Investor
Investor: Stellar Development Foundation
The Stellar Development Foundation (SDF) is a non-profit organization established in 2014 to foster the development and expansion of the open-source Stellar network. SDF and Stellar aim to enhance global economic potential by increasing the fluidity of money, opening up markets, and empowering individuals. The Foundation maintains Stellar’s codebase, supports the technical and business communities associated with Stellar, and advocates for the network with regulators and institutions.
Location: San Francisco, California
Website: https://stellar.org/foundation
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