“Can Bancolombia's payment subsidiary become the dominant multi-country payments and disbursement infrastructure for Latin American SMBs?”
Founded in 2019 as Bancolombia's digital payments subsidiary, Wompi started as a payment gateway focused on online merchants in Colombia. Over time it expanded from a simple checkout widget to a full payments platform encompassing 10+ payment methods, card tokenization, and a robust Payouts API for mass disbursements. Geographic expansion to Panama and El Salvador marked a shift from a purely Colombian product to a regional Latin American payments infrastructure provider.
Wompi discloses Bancolombia S.A. (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Wompi does not disclose a bank charter of its own; its banking services are provided through Bancolombia S.A. (in-house).
Wompi processes payments through Wompi (self-operated).
Wompi integrates with Jumpseller and eCommerce plugins (generic).
The Embedded Finance Index 2026 maps 4 layers in Wompi's stack: Payments / PSP (Wompi (self-operated)); Banking / BaaS (Bancolombia S.A. (in-house)); Lending (BNPL — Compra ahora y paga después); Accounting (Jumpseller and eCommerce plugins (generic)).
Wompi is founded in 2019 and headquartered in Medellín, Antioquia, Colombia.
Get a read on where your own stack stands against Wompi and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.