Bayport Colombia originates loans and financial products targeted at underbanked Colombians, including people with no credit history or in economically stressed situations. The company will use a transaction of up to $20 million to finance new loan originations. That financing is being delivered in two disbursements by Blue Earth Capital, a Swiss investment fund focused on sustainable and impact-oriented financing. Bayport frames the move as aligned with its mission to promote greater financial and labor inclusion across Colombia. CEO Lilian Perea said the company raised more than $120 million in 2023, which Bayport says strengthened its ability to pursue growth. With sights on 2024, Bayport emphasizes continuous growth and continued contribution to the country’s socioeconomic development. Bayport Colombia is a financial services provider specializing in payroll lending (libranzas) for underserved pensioners and public-sector employees in Colombia. Its core product is employer-administered payroll loans that are repaid through automatic payroll deductions. These libranzas facilitate access to credit for individuals with limited credit histories or lower/riskier credit scores and help rebuild credit profiles. The company is aiming to expand access to payroll loans for public-sector workers and pensioners. MicroVest announced a $4 million investment in Bayport Colombia to support that expansion. The article did not disclose additional operating metrics or other investors.

Total raised

$24M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Feb 2024