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The distinction acknowledges that Bancolombia has achieved an STP rate of at least 99%.

Bancolombia said that it will accept the tender offer of $360,912,000 USD for the 2020 notes and $321,152,000 for the 2022 notes.

Bancolombia has become the first traditional bank to join Fintech Colombia, the leading fintech association in Colombia.

"It was critical to implement a solution that went beyond regulatory requirements," said Luis Santiago Perdomo Maldonado, CEO of Banco Colpatria.

"Proyectos Inmobilarios" platform will begin with 200 real estate projects and expand to include many more.

The company plans to use the incoming capital to scale up its tech platform, embrace machine learning, and expand in Latin America.

Bancolombia's digital transactions have increased 26% so far in 2017 compared to the same period of time in 2016.

Sempli sees this as the first in a series of investments that will allow the online lender "to​ ​support​ ​this​ ​segment​ ​with​ ​more​ ​than​ $​50​ ​million USD."

The historic visit by Pope Francis will disrupt the normal operations at Bancolombia, Banco de Bogotá, and BBVA.

ePayco, RapiCredit, ESCALA Educación will compete against their regional peers for $75,000 USD in startup funding.