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

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.

A Colombia Fintech report revealed that factoring and confirming financed $5.8 trillion for companies in 2024, with a 51% increase in user payer companies. These tools provide immediate liquidity as an alternative to traditional credit. Daniela Torres of Klym by Coval highlighted their strategic role in Colombia.

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Colombia's Ministry of Finance placed 900 billion pesos in short-term Treasury titles (TCO) through a public auction, with a cutoff rate of 13.65% for the one-year reference maturing on March 23, 2027. It received bids totaling 1.3 trillion pesos, 1.5 times the amount offered.

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.

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Colombian fintech Emonkey announced the launch of 'cash advances', projecting over $1.200 million in credits this year. The solution aims to provide formal liquidity access for emergencies. The move addresses the fact that only 51% of Colombians have formal credit access, per Asobancaria.

David Vélez, CEO of Nu Holdings and founder of Nubank, accepted the Empresario del Año 2025 award from La República at a ceremony in Bogotá, following last week's announcement recognizing his role in digital banking innovation. In his speech, he stressed the private sector's importance for Colombia's growth and criticized regulations excluding millions from formal credit.

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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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