Colombian fintech zulu has connected the Swift network to its payment infrastructure. The company provides treasury services for importers and exporters. Its clients can now send and receive payments with 155 countries.
First among Colombian fintechs
Until now, Swift access in Colombia was generally reserved for banks. Zulu says it is the first Colombian fintech to offer the connection from its own platform. The platform adds a faster payment layer, according to zulu.
Company context
Zulu launched in 2021. It offers treasury and payment tools for businesses. CEO Esteban Villegas leads the company.
What customers get
A business owner can open a global account in a few clicks. To collect, it shares an account number and a Swift code with the buyer. To pay, it registers the supplier and sends the transfer from zulu, with local accounts in dollars and euros.
Swift was created in 1973 and handles about 60 million messages per business day. It does not move money and serves as a messaging system between banks. Traditional bank transfers can take days and offer limited visibility.