Columbia’s fintech industry boosted by Floid


One of Latin America’s leading fintech companies, Floid, has launched an open finance product for the factoring industry in Columbia. According to the soon-to-be-published World Factoring Yearbook 2023, the Colombian fintech sector is growing fast with electronic platforms accounting for more than 25 per cent of the Colombian factoring market in 2022. The announcement by Floid this week will propel the fintech sector further and the factoring market as a whole.



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