Lulo Bank Joins Credit Card Race in Colombia
Hey Digital Banking Fanatic!
The Colombian FinTech space is heating up. Bre-B just launched and already reached 7 million keys. Daviplata now counts over 19 million users. And now it’s Lulo Bank’s turn.
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Back to Lulo: With the support from billionaire Jaime Gilinski, the Colombian neobank just confirmed it will roll out its first credit card in September.
CEO Ignacio Giraldo said the bank counts 650k users, with 20k onboarded every month. It has already delivered 10k cards to current users and reached half a trillion pesos in personal loans.
Keep scrolling for more on Lulo Bank, and the latest moves across the digital banking world 👇
See you tomorrow!
Cheers,
NEWS
🇨🇴 Lulo Bank will compete head-to-head with Nubank, Bancolombia, Davivienda, and others with a coveted product. The Gilinski Group's neobank surprised the financial sector with a product designed to compete head-to-head with the country's leading banks.
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