Question 1

What is Bancar Tecnología?

Accepted Answer

Bancar Tecnología is a Colombian financing company (compañía de financiamiento) that operates as a fully digital financial institution. Founded in 2021, the company specializes in deposit-taking activities and digital financial services, positioning itself as a technology-driven player in Colombia's financial sector.

The institution is a subsidiary of Bancar Technologies Limited, a UK-based holding company incorporated in 2016 and headquartered in Manchester. Bancar Tecnología focuses on serving individual customers (personas naturales) through a 100% digital application, offering deposit accounts and financial services without traditional physical branches.

Question 2

When was Bancar Tecnología founded?

Accepted Answer

Bancar Tecnología was established on July 8, 2021, through Public Deed No. 1177 issued at Notary 67 in Bogotá, Colombia. The company received its operating permit through Resolution No. 1522 on December 17, 2021, granted by the Superintendencia Financiera de Colombia (Colombia's Financial Superintendency).

The company was created as part of a business group led by Bancar Technologies Limited, which also includes several other Colombian subsidiaries: Bancar Tecnología Uno S.A.S., Bancar Tecnología Dos S.A.S., Bancar Tecnología Tres S.A.S., and Bancar Tecnología Cuatro S.A.S. As of 2025, Bancar Technologies Limited holds approximately 95% ownership of Bancar Tecnología.

Question 3

Where is Bancar Tecnología headquartered?

Accepted Answer

Bancar Tecnología is headquartered in Bogotá, Colombia. The company's registered office is located at Carrera 7 No. 73-55, Oficina 1202, in the capital district.

Additional business addresses have been reported at Carrera 7 No. 116-50, Oficina 4-134, also in Bogotá. As a digital-first institution, the company does not operate traditional physical branches.

Question 4

Where does Bancar Tecnología operate?

Accepted Answer

Bancar Tecnología is authorized to operate throughout Colombia. The company's operating license from the Superintendencia Financiera de Colombia permits it to conduct financing company activities across the entire national territory.

As a digital banking platform, Bancar Tecnología serves customers nationwide through its mobile application, without geographic limitations typical of branch-based institutions. The company focuses its services on urban and connected populations throughout Colombia who have access to smartphones and internet connectivity.

Question 5

What services does Bancar Tecnología offer?

Accepted Answer

Bancar Tecnología offers a range of digital financial services centered on deposit-taking and payment solutions. The company's primary activity is capturing public resources through low-amount deposits from individual customers.

Services include savings accounts, interbank transfers through ACH, mobile app-based banking, ATM access, correspondent banking network services, payment terminals (POS devices), PSE payment integration, utility bill payments, and mobile phone top-ups. All customer service is provided virtually through in-app chat support, where service agents handle inquiries, complaints, and requests.

The company operates entirely through its mobile application, offering customers 24/7 access to their accounts and transactions without requiring physical branch visits.

Question 6

What makes Bancar Tecnología unique?

Accepted Answer

Bancar Tecnología distinguishes itself as a purely digital financing company focused on low-amount deposit collection from retail customers. Unlike traditional Colombian banks, the institution operates without physical branches, providing all services through its mobile application and virtual customer support channels.

The company's business model emphasizes financial inclusion by making banking accessible to customers through technology rather than physical infrastructure. Bancar Tecnología is supervised and regulated by the Superintendencia Financiera de Colombia under the Organic Statute of the Financial System and Decree 2555 of 2010.

As part of an international fintech group based in the United Kingdom, the company brings global digital banking expertise to the Colombian market while maintaining full compliance with local regulations.

Question 7

What type of financial institution is Bancar Tecnología?

Accepted Answer

Bancar Tecnología is classified as a Compañía de Financiamiento (Financing Company) under Colombian financial regulation. This institutional type is recognized under the Colombian Organic Statute of the Financial System (EOSF) and is supervised by the Superintendencia Financiera de Colombia.

Compañías de financiamiento in Colombia are specialized credit establishments authorized to capture public resources and provide specific financial services. They differ from full-service banks (establecimientos bancarios) in their more limited scope of operations. Under the CIIU classification system, the company is categorized under code 6422, which corresponds to "Activities of financing companies."

Bancar Tecnología operates as a private joint-stock company (sociedad anónima) with a corporate charter valid until December 31, 2119. The institution employs approximately 50-54 people and is considered a large company within its category based on asset size and revenue.

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