Lulo Bank, the first digital bank in Colombia and part of Grupo Gilinski, has officially launched Lulo Empresas, a specialized corporate banking service. The platform provides payments, collections, treasury, payroll, technology integrations and financing solutions for companies. The service is already operating and has begun to show early adoption in the Colombian business market.
An Expanding Corporate Offering
The new business line currently has 194 companies linked and 119 corporate accounts opened. Lulo Bank reports $25,700 million in managed balances and more than $500,000 million moved through these corporate accounts. The lender has also disbursed close to $100,000 million during 2026 across working capital and factoring solutions, reflecting early demand.
A Digital Model for Corporate Banking
Lulo Empresas operates through a web-based corporate hub that adapts the digital model developed for individual customers to the corporate segment. Ignacio Giraldo, CEO of Lulo Bank, said business banking still has processes that have disappeared from personal banking. He added that the challenge is not moving office procedures to a screen but building the experience digitally from the ground up.
Fast Onboarding and Operational Tools
Business accounts are opened digitally without physical signatures, messengers, fingerprint readers or printers, and most are validated within minutes. The bank says 85 percent of corporate accounts are opened in that time frame. The offer includes dematerialized promissory notes, automated payroll payments, operational balance management and Host to Host integrations that link company systems with the bank to eliminate double data entry.
Factoring and Liquidity Flexibility
The platform includes fully digital factoring, allowing companies to advance invoice payments and obtain liquidity before the date agreed with their clients. This tool sits in the same environment companies use to manage their daily banking operations. Lulo Bank noted that while the Fair Deadlines Law sets a maximum of 45 calendar days for certain commercial operations, many companies still negotiate terms of up to 90 days.
Market Context and Financing Integration
Those longer payment periods can keep resources pending collection and put pressure on supplier working capital. The scale of the market is visible in the electronic invoices registered in RADIAN, where 540,692 invoices were recorded for $15.3 trillion as of July 31, 2026. Héctor Martínez, vice president of business banking at Lulo Bank, said the objective is to integrate financing with everyday banking administration.
Cost Reductions and Control Features
Beyond financing, Lulo Empresas includes tools for daily company operations such as dual control, which allows one person to create a payment and another to approve it, along with traceability mechanisms for operation details. On costs, the bank states that transfers and payroll payments are priced at $950 on its platform. That compares with costs between $3,000 and $5,000 that a small or medium company may face, and more than 6,000 transfers have been made in 2026.
Lulo Bank is positioning its corporate division as a practical extension of its digital banking model, aiming to remove friction from company financial management. The early account openings, financing volumes and pricing advantages indicate a direct attempt to serve businesses with fewer traditional barriers. As corporate clients seek faster liquidity and lower transaction costs, Lulo Empresas may become an increasingly relevant option in Colombia's digital banking landscape.