Supra, a Colombian fintech that enables cross-border payments for small and medium-sized businesses (SMBs), raised an undisclosed amount in funding.
The round was led by Citi, with participation from Far Out Ventures and H20 Capital.
The company intends to use the funds to fulfil its payment aggregator role in partnership with Foreign Exchange Market Intermediaries (IMC) and licensed Payment Service Providers.
Led by CEO Emilio Pardo, Supra is a fintech founded in 2023, which offers foreign exchange, cross-border payment, and treasury solutions to SMBs that participate in import and export activities in the country.
The investment and integration of Citi’s cross-border payments and FX technology will help enable Supra’s operations and expansion in Colombia.
FinSMEs
12/12/2023