Nequi
Bancolombia's wallet-bank; 20M+.
- Who holds it
- The company itself — it holds a full banking licence — Licensed compañía de financiamiento (Superfinanciera Colombia); spun out of Bancolombia's banking license.
- 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 Nequi’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 |
| AI | AI underwriting in production |
| HQ | Medellín, CO |
| Founded | 2016 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | Licensed compañía de financiamiento (Superfinanciera Colombia); spun out of Bancolombia's banking license |
| Card | Visa · Debit |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Latin America |
| Reported users | 20M users (2024) |
Verified links: official site ↗
Common questions about Nequi
What is Nequi?
Nequi is a fiat neobank, headquartered in Medellín, CO and founded in 2016. Your money is held custodially, so Nequi or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (Licensed compañía de financiamiento (Superfinanciera Colombia); spun out of Bancolombia's banking license).
Does Nequi have a card, and where can you use it?
It issues a Visa debit card. It is available in Latin America.
Does Nequi require KYC?
Yes. Nequi requires identity verification (KYC) to open an account, as a licensed bank.
Peers
Wise · Nubank · Banco Inter · PicPay · PagBank · Ualá
Nequi 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.