Bayport Colombia Secures $30 Million USD Investment from Cerberus

Bayport Colombia, a company specializing in libranzas, a type of non-bank payroll loan, has secured a $30 million investment from Cerberus, a global leader in alternative investments. Bayport says that this transaction reflects continued international investor confidence in Colombia’s financial market and the financial stability of Bayport Colombia.

Lilian Perea (above photo), CEO of Bayport Colombia, stated, “Partnering with Cerberus underscores our commitment to financial inclusion in Colombia, as well as our financial strength and operational excellence. We remain dedicated to contributing to the socio-economic development of the country.”

Rob Milam, Managing Director at Cerberus, added, “We are pleased to continue providing innovative credit solutions to Bayport Colombia as they expand in the Colombian payroll loan market. This investment extends the partnership we began with Bayport in 2019.”

A subsidiary of South Africa based Bayport, the company has been operating in Colombia since 2011 and claims to have more than 68,000 payroll loan customers among its market focus of public employees and pensioners. In Colombia the company has a 1.1 trillion-peso loan portfolio and operates 17 offices across 15 cities. Globally, Bayport says it serves half a million borrowers in México, Colombia, Botswana, Ghana, Mozambique, South Africa, Tanzania, Uganda and Zambia.