David Vélez Osorno receives Entrepreneur of the Year 2025 award on stage, Nubank digital banking expansion visuals in background.
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David Vélez Osorno named entrepreneur of the year 2025

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David Vélez Osorno, CEO of Nu Holdings LTD and founder of Nubank, has been named Entrepreneur of the Year 2025 by La República, for revolutionizing digital banking in Latin America and recent expansion into the United States. The award highlights Nubank's 2025 milestones, including key partnerships and new financial products. Other fintech leaders were also nominated for their innovations in Colombia.

Superfinanciera reported that the Pacto por el Crédito completed 18 months with $241.6 trillion disbursed, reaching 94.9% of the $254.7 trillion target. It disbursed 36.4 million credits at an average weighted rate of 15.5% effective annual. The program boosted financing in key sectors like housing, tourism, and agriculture.

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At the shareholders' assembly, Grupo Cibest's CEO Juan Carlos Mora defended the Banistmo sale as a strategy to optimize capital and focus on more profitable businesses. Shareholders approved $4.3 trillion in dividends, a 15% increase from last year.

Ángela Marcela Ramírez, the new CEO of Daviplata, took leadership at a key moment in its evolution toward a neobank model. The platform, with over 19 million users, focuses on everyday financial services and young segments. Upcoming features include debit and credit cards, plus revolving credit starting in March.

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Bancolombia announced it will open all its offices on Saturday, February 28, to support users following the week's complications. Schedules vary by region, with Bogotá service from 9:00 a.m. to 1:00 p.m. and the rest of the country from 8:30 a.m. to 12:00 p.m. The move addresses infrastructure damage from the previous Sunday.

The Federal District government ended 2025 with a R$1 billion shortfall in its cash reserves, complicating financial support for the Banco de Brasília (BRB). The state-owned bank faces losses from suspected fraudulent operations with Banco Master, under federal police investigation. Experts say Union assistance will likely be unavoidable to resolve the crisis.

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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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