Daviplata
“Can Colombia's largest mobile-wallet for the unbanked monetize its 19.5M users by becoming their primary credit provider?”
Founded2011
HQBogotá, Colombia
IndustryFintech / Neobank
The story
DaviPlata began in 2011 as Banco Davivienda's mobile-wallet experiment to bank the unbanked using only a phone number. It scaled into one of Colombia's largest financial-inclusion platforms (19.5M+ users by 2025). The current pivot is from a transfer-and-wallet rail to a full neobank: nanocredit, debit cards, upcoming credit cards, QR commerce acceptance, and open-finance APIs (API Pago DaviPlata) sold to merchants. The bank rail remains in-house at Davivienda; the strategic question is whether wallet-scale distribution can convert into credit P&L.
Product timeline
2011
DaviPlata launched by Banco Davivienda as a mobile wallet for the unbanked in Colombia.· banking
2019
Nanocrédito product introduced — 100% digital micro-loan disbursed in-app, guaranteed by FGA/FNG.· lending
2024
Adoption of Colombia's Open Finance framework (SFC Circular Externa 004) — published Third-Party Data Recipient policies.· pivot
2025
Surpassed 19.5M users; pivot toward neobank model with credit as primary growth/monetization engine; Bre-B instant-payment keys integrated.· pivot
Regulated entities
1
regulatory licence held by Daviplata
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
6 layers disclosed in Daviplata’s embedded-finance stack
Payments / PSP
API Pago DaviPlata (self-operated)Botón de Pagos DaviPlata (self-operated)PSE (Colombia ACH)Bre-B (Colombia instant payments)
Banking / BaaS
in the full report
Card issuing
in the full report
Ledger
in the full report
Lending
in the full report
Sponsor bank
in the full report
Accounting gap: none
6 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.