Flink, the Mexican investment platform, is moving forward with a planned rollout in Colombia following a strategic acquisition of Ualet, a regulatory-savvy fintech partner. The Colombian Financial Inspectorate is reviewing the plan, with hopes to go live in June. If approved, Colombians will be able to invest in the New York Stock Exchange starting at $1 with commissions waived.
Why is Colombia attracting so much attention in this expansion?
The market response speaks loudly. When the product first launched in Mexico, there was a flood of messages from other countries asking when it would arrive in their markets. Colombia surfaced as the strongest demand, with more than 60,000 people expressing interest in accessing the service.
Why partner with Ualet?
Fintech ventures like this require proper licensing and regulatory alignment. Consulting with the Ualet team revealed deep regulatory experience and an understanding of the Colombian market. There was a shared vision: to give millions of people access to unfamiliar investment products and to deliver real value. The collaboration clicked from the start.
-
Leopoldo Forero, CEO of Ualet
“With this partnership, Colombians will have easier access to straightforward and safe investment options, supporting broader financial inclusion.”
How is the purchasing process progressing and what remains before the rollout?
The regulatory filing process is comprehensive but nearing completion. The teams are aligning with the regulator to finalize the necessary control transitions in the coming weeks and to keep communication open throughout the process.
When is the anticipated start of operations?
The plan is to commence in June, targeting the end of the second quarter for a summer launch. The focus remains sharp on meeting all requirements and integrating the full suite of products upon launch.
What products and services will be available?
Initially, the feature that has already shown success in Mexico will enable Colombians to invest in the New York Stock Exchange from $1 with zero commissions. Additional products are under development, including a more passive investment option to complement the trading activity.
Will there be access to the Colombian Stock Exchange as well?
The goal is to offer both international and national investment options, an obligation that aligns with regulatory expectations and supports national financial systems.
Has the option to invest in cryptocurrencies been considered?
Yes, active consideration is underway, but it requires careful regulatory consultation and alignment. There is no established Latin American framework for presenting cryptocurrency investments yet, so close dialogue with regulators continues.
How many users are forecast to join in Colombia this year?
Internal targets are ambitious. In Mexico, the platform exceeded expectations by growing from a planned 200,000 users to 1.6 million. In Colombia, about 60,000 individuals have already shown interest without media outreach, and the goal is to reach one million Colombian investors within the year.