ColombiaA subsidiary of Bayport Management Ltd (BML), a leading group in financial services in emerging markets, canceled an important transaction for up to 100 million dollars with Nomura, the largest investment bank and brokerage of Japan and one of the main players in the asset-backed operations segment in the Americas.
(You may be interested in: Bayport: what it is, how it works and who can apply for credit with the entity)
Bayport is committed to maintaining high standards of corporate governance, good management, commitment, inclusive business policies and the solidity and confidence that the company has gained by fulfilling its purpose of generating financial and labor inclusion in Colombia.
Also, consider that you are achieving a positive impact on those people who cannot access credit in the traditional banking sector, because they are reported in credit bureaus or have a low credit score.
This operation furthers the Bayport mission. Nomura has worked hand in hand with Bayport since 2022 to structure this important transaction.
Bayport is the leading company in the non-bank payroll market, having 30% of the market.
“Bayport has set high standards in terms of corporate governance, policies and procedures in originate payroll credits, as well as the best practices in the selection of payables and collections. With significant growth in recent years, our initiatives promote financial well-being, generating greater entrepreneurship opportunities in the country. We are convinced that this operation with Nomura will allow us to continue fulfilling our mission”, forced Lilian Perea, CEO of Bayport Colombia.
We have always been very optimistic and we hope to continue opening doors to new and better possibilities.
For this year, the company expects a dynamic growth environment, in which it will continue to provide financial solutions with great support.
“Despite the economic outlook for 2023, we will remain faithful to our higher purpose of improving the living conditions and development opportunities of Colombians through payroll credits. We have always been very optimistic and we hope to continue opening doors to new and better possibilities”, highlighted Perea.
Bayport Colombia began operations in 2011. It focuses on offering simple and agile payroll credits to public officials and pensioners. Thanks to the quality of the products, currently more than 68 thousand people use the services. It is the leading company in the non-bank payroll market, having 30% of the market. It has 17 branches in 15 cities.
Bayport is a company created in South Africa, whose main objective is to offer simple credit alternatives mainly to those who do not have access to bank financing. Worldwide Bayport has a broad international presence in 9 countries; 7 in Africa – Botswana, Ghana, Mozambique, South Africa, Tanzania, Uganda and Zambia – and two markets in Latin America, Mexico and Colombia. We currently serve more than 500,000 customers worldwide.
