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[SITUATION] · [QUIET] · [BUSINESS]

6 clusters · 17 sources · 32 days · First seen · Last updated

Nequi transition to independent financing company

Overview

In late July 2026, Nequi announced it would split from Bancolombia to become an independent financing company, Nequi Compañía de Financiamiento, owned by Grupo Cibest effective 1 September 2026. The transition was described as a legal and administrative change; digital wallet services, including money transfers, recharges, and cash withdrawals, were expected to remain unchanged. Deposits were to remain protected by the Fogafín insurance scheme, with the new entity supervised by Colombia’s financial regulator.

As the transition approached, Nequi announced a series of partial service suspensions scheduled between the afternoon of 31 August and the early morning of 1 September 2026 to facilitate a technological update. These interruptions included ACH transfers, PSE payments, Bre-B operations, transfers to Bancolombia, international remittances, and PayPal-related transactions. However, the company clarified that the app itself would not be fully suspended, allowing users to continue Nequi-to-Nequi transfers and use Nequi Visa cards.

In tandem with the independence move, Nequi announced a partnership with Redeban to allow users with pre-approved credit to make payments via physical dataphones.

On 31 August 2026, Nequi officially transitioned to an independent neobank operating as Nequi S.A. Compañía de Financiamiento. For its approximately 29 million users, the daily experience remains unchanged, including the ability to use Bancolombia ATMs and correspondents without additional costs. This restructuring allows Nequi to potentially expand into foreign exchange, remittances, and investment products like Certificates of Deposit (CDT). User deposits are now backed by Fogafín insurance, providing coverage of up to $50 million pesos per depositor.

Entities

Bancolombia · Nequi · Grupo Cibest · Superintendencia Financiera de Colombia · Fogafín

Timeline

  1. 11 days ago

    [BUSINESS] 4 sources
    Nequi becomes an independent neobank in Colombia

    Nequi has transitioned from a Bancolombia business unit to an independent neobank in Colombia, gaining its own financial license while maintaining current services for its 29 million users.

  2. 14 days ago

    [BUSINESS] 2 sources
    Nequi announces service suspensions and new Redeban credit partnership

    Nequi is implementing technological updates to facilitate its independence from Bancolombia, involving temporary service suspensions and a new credit payment partnership with Redeban.

  3. 17 days ago

    [BUSINESS] 2 sources
    Nequi announces service suspensions and tax guidance

    Nequi will partially suspend services from August 31 to September 1, 2026, for updates ahead of its independence from Bancolombia. Users are also advised on managing 4x1000 tax exemptions.

  4. about 1 month ago

    [BUSINESS] 3 sources
    Nequi to Operate Independently from Bancolombia Starting September 2026

    From 1 Sept 2026 Nequi will operate as an independent financing company under Grupo Cibest, but its app, services, fees and loan terms will stay unchanged for Colombian users.

  5. about 1 month ago

    [BUSINESS] 7 sources
    Nequi becomes independent from Bancolombia, keeps free ATM withdrawals for millions

    Nequi will split from Bancolombia, becoming an independent financing firm while keeping free ATM withdrawals and unchanged digital services for its 20 million users, with deposits insured by Fogafín.

  6. about 1 month ago

    [BUSINESS] 6 sources
    Nequi to become independent financing company, separating from Bancolombia on Sep 1 2026

    Nequi will separate from Bancolombia and become Nequi S.A. Compañía de Financiamiento on 1 Sept 2026, with services unchanged, continued free cash withdrawals, and oversight by Colombia’s financial regulator, F

Sources

abceconomia.co · colmundoradio.com.co · colombia.com · eldiario.com.co · elnuevodia.com.co · enter.co · hu.sports.yahoo.com · laopinion.com.co · las2orillas.co · nxt.kristianstadsbladet.se · qhubobucaramanga.com · riotimesonline.com · seguimiento.co · tropicanafm.com · tubarco.news · valoraanalitik.com · vocero.com.mx

This summary has been updated 3 times: see revision history