NETWORK & GLOBAL FINANCIALS
COLOMBIA
Endeavor Colombia currently supports 30 entrepreneurs from 18 companies. Endeavor Colombia companies grew an average of 19% in 2011.
ENDEAVOR MAIN OFFICE BOGOTÁ (2006)
ENTREPRENEUR SPOTLIGHT
JOSÉ FERNANDO VÉLEZ & MARTIN SCHRIMPFF
49
COMPANY PAGOSONLINE
SELECTED 2010
INDUSTRY BUSINESS & PROFESSIONAL SERVICES
EMPLOYEES AT SELECTION 39
EMPLOYEES 2012 124
REVENUE 2007 $1,800,000 REVENUE 2011
$3M+ NEWS
BLOOMBERG.COM featured Endeavor Colombia company Refiniancia for its unique approach to debt collection.
ENDEAVOR COMPANY DYNAMO—the only private equity fund for film-financ- ing in Latin America—played a crucial role in the passage of Draft Bill No. 220, which will encourage studios to film in Colombia.
In Colombia, internet penetration has climbed to over 40%, far outpacing credit card usage (17%), and leaving a wide e-com- merce gap. But thanks to José Fernando Vélez and Martin Schrimpff, the entrepre- neurs behind PagosOnline, Colombians can make online purchases using cash or bank transfers. The platform's results are impressive. PagosOnline has captured 80% of the Colombian e-commerce market, attracted 5,000 merchants, and boasts an average annual growth rate of 400%. José and Martin aspire to transform PagosOnline from the PayPal of Colombia into the Paypal of Latin America.
65%
REVENUE Compounded Annual Growth Rate since engagement with Endeavor:
JOBS Compounded Annual Growth Rate since engagement with Endeavor:
80%
