Nexo Joins Colombia Fintech Association as Strategic Member

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As a researcher with a keen interest in fintech and cryptocurrencies, I find this development between Nexo and Colombia Fintech Association intriguing, especially considering my recent focus on Latin America’s burgeoning blockchain market. The strategic partnership between these two entities underscores the potential of Colombia as a fertile ground for innovative digital asset solutions, a trend that aligns with my observations over the past year.

As a forward-thinking crypto investor, I’m thrilled to announce that I’ve joined forces with the Colombia Fintech Association, showcasing Nexo’s significant stride into the vibrant blockchain market of Colombia. This strategic move underscores our commitment to fostering innovation and growth in this dynamic sector.

Colombia Fintech Association welcomes Nexo as strategic member

As reported by Nexo, a prominent player in the digital asset sector, they have recently joined forces with the Colombia Fintech Association as a strategic partner. This move is part of their ongoing efforts to extend their reach into Latin America.

Nexo Joins Colombia Fintech Association as Strategic Member

Joining the Colombia Fintech Association, a network of more than 360 pioneering fintech companies and 9,000 skilled professionals, will facilitate a closer connection with Colombia’s vibrant financial sector.

Colombia’s thriving financial technology sector, fueled by a expanding middle class, vibrant startup environment, remittances, and increasing interest in stablecoins, presents an ideal setting for Nexo’s offerings to flourish.

Elitsa Taskova, Nexo’s Chief Product Officer, believes this action aligns perfectly with our company’s broader vision and purpose, as well as our existing services.

By becoming a member of the Colombia Fintech Association, Nexo aligns perfectly with its mission to make wealth building accessible for all. Colombia offers an exceptional opportunity: boasting that 92.1% of its population already has access to crypto-related services, the country is taking significant strides towards digital finance. With our easy-to-use and all-encompassing digital asset solutions, Nexo is ideally placed to serve this market.

By Q4 of 2024, our company has firmly established its presence in Colombia, extending over $34 million in credit and distributing approximately $1.5 million in returns from cryptocurrencies.

Nexo reports 73% client number search in Colombia

María Mercedes Agudelo, Vice President of Operations at Colombia Fintech, expresses enthusiasm about the prospective impact of Nexo within the burgeoning local Web3 community.

It’s a great pleasure to announce that Nexo has become the first European Fintech to team up with Colombia Fintech. This significant move underscores the increasing global awareness of our financial technology community and strengthens our commitment to fostering financial innovation in Colombia. We eagerly anticipate the benefits this collaboration will yield and the fresh collaborations it will inspire within the market.

As a crypto investor, I’ve noticed an interesting development. Since August 2023, I’ve seen a significant surge – a staggering 73% to be exact – in the number of new clients joining the platform from Colombia, particularly those taking advantage of Nexo’s cryptocurrency yield offerings. This trend is certainly noteworthy and adds credence to the growing popularity of crypto investments in this region.

For the last year, Nexo has kept a close eye on this thriving market, in which the increasing need for stablecoins fits seamlessly with its high-interest digital assets products.

As a crypto investor, I’m proud to be part of the growing influence of Nexo within the regional venture capital scene. Recently, the strategic arm of Nexo, Nexo Ventures, made an investment in the thriving local PayTech startup, Zulu. This move not only bolsters Nexo’s presence but also underscores its commitment to supporting innovative startups in our community.

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2024-09-26 21:21