Columbia based company building an acquiring processing platform for Latin America raised $4.3m in Seed funding led by Propel VC.
"The reality is that today, all the incumbents that have been controlling the processing of transactions for years are mostly on-premise. And they built the technology in languages that are dying, like COBOL."
https://www.axios.com/pro/fintech-deals/2024/10/21/latam-payments-infrastructure-akua-seed