Grupo Cibest acquires Colombian fintech Avista Colombia
Grupo Cibest has acquired 100% of Colombian fintech Avista Colombia after meeting all regulatory and closing conditions. Financial… The post Grupo Cibest acquires Colombian fintech Avista Colombia appeared first on LatamList .
Colombian fintech Avista Colombia has been acquired by Grupo Cibest, with the deal meeting all regulatory and closing requirements, though financial details remain undisclosed. Established a decade ago, Avista Colombia specializes in digital financial products tailored for Colombia's silver economy, focusing on payroll-backed loans and employing data-driven technology to broaden credit access, particularly in rural regions.
Certified as a B Corporation and a signatory to the United Nations Global Compact, Avista Colombia boasts credit ratings from Fitch and BRC Ratings. This acquisition will bolster Avista's funding capabilities, bolster its risk management, and elevate its operations through Grupo Cibest's financial and technological assets. Avista will maintain its independent identity under its established brand and business approach.
Operating since inception, Avista Colombia has catered to over 146,000 customers, extended approximately $707 million in loans, and holds a loan portfolio valued at around $366 million as of June 2026. The company serves a significant footprint, operating in 1,007 municipalities spread across Colombia.
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