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Isabella Muñoz, executive director of Colcapital, has seen private equity in Colombia go from nothing in 2005 to nearly $10 billion USD now among her organization's 99 members.

Though Bancolombia's recapitalization plan may yield dividends, "Fitch does not expect capitalization to return to levels reported in 2014 during this period."

"This is an efficient and innovative initiative that allows Bancolombia to make life easier for its customers," says the bank.

Colombian companies are facing multiple headwinds that are hurting cash flow and leading to increased leverage, according to Fitch Ratings.

Coinapult, a startup in Panama City, has launched an initiative to allow Colombians to buy Bitcoin at some 300 kiosks across Colombia.

The new fund targets high-risk investors looking to generate returns over the long term through greater exposure to global stock markets.

More than $4.6 billion USD in remittances entered Colombia last year — a 13.3% spike over 2014 and the second largest increase in Latin America.

Colbitex launched in this beta form, using valueless currency, on June 3 and plans to go live officially in July.

Baker & McKenzie's "Cross Border M&A Index" highlighted Colombia's adoption of free-market policies as a factor in its ability to attract more M&A interest.

Mexico's insurance regulator has approved Grupo Sura's 2015 purchase of the local arm of RSA Insurance Group.