Bamboo Finance Invests US$6 Million in Colombia-based MovilRed (Latin America)

Source: Bamboo Finance 

Bamboo Finance, a private equity firm specializing in investing in essential services sectors in emerging economies, has invested US$6 million as part of a Series B financing round for Colombia-based banking correspondent agent network MovilRed. The transaction was structured through Bamboo Finance Financial Inclusion Fund II. MovilRed offers financial and transactional services to consumers across Colombia.