Lulo Bank
Colombia's first fully digital licensed bank.
- Who holds it
- The company itself — it holds a full banking licence — Bank license (CO).
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from Lulo Bank’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| HQ | Bogotá, CO |
| Founded | 2021 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | Bank license (CO) |
| Card | Visa · Debit |
| Yield | Yield account |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Latin America |
Verified links: official site ↗
Common questions about Lulo Bank
What is Lulo Bank?
Lulo Bank is a fiat neobank, headquartered in Bogotá, CO and founded in 2021. Your money is held custodially, so Lulo Bank or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (Bank license (CO)).
Does Lulo Bank have a card, and where can you use it?
It issues a Visa debit card. It is available in Latin America.
Does Lulo Bank require KYC?
Yes. Lulo Bank requires identity verification (KYC) to open an account, as a licensed bank.
What does Lulo Bank cost?
From the verified fields: yield Yield account. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Lulo Bank before relying on them.
Peers
Wise · Nubank · Banco Inter · PicPay · PagBank · Nequi
Lulo Bank appears in
Neobanks that hold their own banking license (132) · Neobanks available in Latin America (113) · Neobanks that issue a Visa card (182) · Neobanks in Colombia (7)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.