Bancolombia Forms Limited Partnership with Cloud-Based Payroll Software Startup Nominapp

In an ongoing push to further align itself with the digital fintech world, Bancolombia recently finalized a partnership with Nominapp.

The alliance is currently limited, with bank’s customers being eligible for a 15% discount for the first year of the Colombian startup’s cloud-based payroll software for small and mid-sized businesses.

Customers of the Medellín-based bank also benefit from a free-month trial before the fee-free year of service begins, according to Bancolombia.

Users of the fintech SaaS (software as a service) startup, which was founded in 2016, currently still have to export the payment processing through Bancolombia’s digital system.

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But the Colombian banking giant said in a statement “it is expected” that the alliance will expand in the future to allow its clients to finalize the payroll procedure directly through Nominapp’s system without the extra steps involved.

(Credit: Bancolombia)