In July 2021, when Global66 closed a $12 million Series A round, the Chilean fintech was handling cross-border payments for 290,000 customers scattered across eight Latin American countries. Quona Capital led the investment, joined by Magma Partners, Venrex Investment Management, Clocktower Technology Ventures, and a cluster of family offices and angel investors. It was the kind of round that gets announced, gets coverage, then fades into the noise of Latin American fintech deals.
Except this one didn't fade.
Four years later, Global66 had processed $3.7 billion in transaction volume, turned profitable, and was watching Colombia close in on Chile as its biggest market. The shift—from a consumer remittance app to a cross-border payments infrastructure play—says something about what actually survives in emerging market fintech. Scale alone doesn't cut it. You need the right pivot at the right time.
The Early Bet
The Series A wasn't Global66's first rodeo. The company had already raised $7.55 million across two seed rounds in 2020: $3.25 million in February led by Venrex, then $4.3 million in August from the same group. The new round brought total disclosed capital to around $19.55 million, though some sources report different figures, and came with the usual promises—regional expansion, a multi-currency wallet, a debit card, a U.S. remittance corridor, and beefed-up capabilities for SMEs moving money across borders.
At the time, Global66 was offering transfers to more than 55 destinations and branding itself as a "neobank without borders" for Latin America. Not exactly a novel pitch in 2021, when cross-border fintechs were multiplying across the region. But Quona Capital, which focuses on inclusive fintech in emerging markets, saw something worth backing. The thesis? Latin America's payment infrastructure was fragmented enough that solving cross-border friction could unlock real value—if you could actually execute.
The Numbers Tell a Story
By 2025, the execution had materialized. Global66's processing volume hit $3.7 billion, representing what the company reported as 157% year-over-year growth, according to Diario Financiero. Chile still led at $1.8 billion in transaction volume, but Colombia was closing fast at $543 million—a 214% annual jump. Peru logged $167 million (up 99%), and Argentina, despite its perpetual economic turbulence, reached $169 million, up 383%.
Here's where it gets interesting. The company's B2B business grew 310% in 2025, surpassing $910 million in transaction volume. That's not a consumer remittance story anymore. That's infrastructure.
In a July 2025 interview with Forbes Colombia, CEO Tomás Bercovich said the company had been profitable for more than 18 months and had transacted over $5 billion since inception. By the first quarter of 2026, client flows reached $1.4 billion, with $580 million coming from international transfers. (The company reports these figures publicly, though independent verification remains limited—par for the course with private fintechs.)
Colombia's Moment
Bercovich told Forbes Colombia last summer that Colombia was "months away" from becoming Global66's largest market. The company operates there through Global Colombia 81 S.A., a SEDPE—a specialized electronic deposits and payments entity supervised by the Superintendencia Financiera de Colombia. It's the kind of regulatory structure that signals long-term commitment, not just a quick market test.
Colombia's rise makes sense if you follow remittance trends. The World Bank reported that remittances to Latin America and the Caribbean grew 7.7% in 2023, with continued growth projected. Colombia, with its sizable diaspora and accelerating digital adoption, offers exactly the conditions where fintech infrastructure thrives: high demand, underserved markets, and enough smartphone penetration to make mobile-first payments viable.
Global66 has backed the growth with real investment. In September 2025, the company committed $3.2 million to establish a technology and services hub in Argentina, according to LatamList. It's a move that suggests the company is no longer just licensing software—it's building operational presence in markets that matter.
Beyond Remittances
Since the Series A, Global66 has layered on products that go beyond basic money transfers. In October 2022, it partnered with Mastercard to launch a prepaid card tailored for international purchases, available in Chile, Peru, and Colombia. In mid-2024, it introduced "Passport," a premium program offering travel-related cashback and other benefits—a play for higher-value customers who move money frequently.
The company has also pursued partnerships outside fintech. In July 2023, it became FC Bayern Munich's first South American partner—a branding move aimed at visibility in football-obsessed markets. More recently, it announced an alliance with ZOFRI, the Iquique Free Zone in northern Chile, to facilitate B2B payments for companies operating in the free trade zone. That last one matters. Free trade zones handle billions in cross-border commerce, and payment facilitation there opens doors to corporate clients who need reliable, fast settlement.
What Comes Next
The journey from a $12 million Series A to processing nearly $4 billion annually took five years—and perhaps more than the founders expected in terms of operational complexity. Whether Colombia actually overtakes Chile, or whether the B2B segment continues its 310% growth trajectory, will determine what the company looks like at $10 billion in volume.
For now, the lesson seems straightforward: building payments infrastructure for a fragmented region works, but only if you commit to the tedious work of regulatory compliance, local partnerships, and market-by-market execution. It's not a winner-take-all story. It's a grind-it-out one, which might be exactly what emerging market fintech needs right now.
