Klym by Coval appoints new country manager in Colombia

Financing firm Klym by Coval has appointed Daniela Torres Sáenz as its new Country Manager in Colombia amid economic challenges. The company recorded nearly $3 trillion in disbursements last year, benefiting over 1,400 businesses.

In an economic setting where GDP grew by 2.6% in 2025 and the minimum wage rose by 23.7%, according to the National Administrative Department of Statistics, Colombian firms face pressures on liquidity and working capital. The one-year financing cost approaches 14%, with real rates hitting a high of 8%.

Klym by Coval, a subsidiary of Chile's Coval with over 25 years of experience, announced the appointment of Daniela Torres Sáenz as Country Manager. Torres, with more than 17 years in commercial strategies in the financial sector, including positions at Latam Trade Market and the Kapital group, will lead the expansion of operations in Colombia.

In 2025, the company disbursed nearly $3 trillion, aiding over 1,400 businesses. Over more than a decade in the country, it has linked more than 6,000 companies to its platform and structured 44 confirming programs, which enable invoice payment anticipation to enhance cash flow.

For 2026, Klym by Coval aims to reach $2 trillion in placements, maintain an average portfolio of US$70 million, and broaden its presence in key regions. The focus will emphasize agile solutions for micro, small, and medium-sized enterprises.

"The biggest problems for companies are often the easiest to solve when we simplify the complex through communication. That will be one of our main bets," Torres stated.

Makala yanayohusiana

Colombians using fintech apps from Nu, Nequi, Lemon, and DataCrédito Experian to organize finances, manage debts, and plan for 2026.
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Fintech firms share strategies for financial health in 2026

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Following year-end holidays, companies like Nu, Nequi, Lemon, and DataCrédito Experian offer practical advice for organizing personal finances and accessing responsible credit in Colombia. These tips aim to help users manage debts, optimize spending, and plan goals for the new year.

Carlos Correa, CEO and cofounder of MejorCDT, details how his platform has surpassed 500,000 users in four years by facilitating investments in certificates of deposit (CDs) from home. The company operates nationwide with 72 employees, mostly women, and highlights the importance of CDs amid electoral uncertainty.

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Colombia's Ministry of Finance completed the sale of Treasury bonds in pesos worth US$6,000 million to a foreign investor, in a record operation signaling confidence in the local economy. The bonds were placed at yields higher than the secondary market and mature between 2029 and 2040. This transaction is part of a strategy to manage public debt amid fiscal challenges.

Marcela Torres, manager of Nu Colombia, criticized the prolonged service failures at Bancolombia that affected millions of users. The bank received 1.82 million complaints at Superfinanciera by the end of 2025, accounting for 66.22% of the total. Torres called for uniform service level agreements to bolster trust in the financial system.

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Grupo Éxito's CEO, Carlos Calleja, did not rule out international expansion this year during the group's earnings presentation. He confirmed that in 2026 they will launch a more aggressive strategy for growth in store square footage. He highlighted Colombia as the economic engine and Uruguay as the most stable market.

Omar González Pardo, president of Grupo Trinity, announced a contract to open 140 Juan Valdez stores in Spain over six years. The brand doubled its outlets in the last year, from five to ten. The group plans to invest over $150,000 million in Colombia for 2026.

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Kravata has announced the integration of its Kravata Go feature into the Mi Claro app, allowing users to acquire digital dollars easily. This development addresses the rising interest in Colombia for options to protect capital in dollars. The company aims to democratize access to strong currencies without complications.

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