General Atlantic Participates in Series B Investment in Bold

Paul, Weiss advised General Atlantic in its participation in a $55 million Series B investment round in Bold, a financial technology company enabling financial access to electronic payments in Colombia.

Bold plans to leverage the new funds to expand its product and service offering into adjacent financial services for merchants, including working capital financing, lending, deposit accounts, debit and credit cards, as well as to accelerate geographic expansion and hire new talent.

The Paul, Weiss team included, among others, corporate partner Matthew Abbott and tax partner Lindsay Parks.