zulu

Zulu is a Colombian fintech company founded in 2021 that specializes in cross-border payment solutions for businesses and individuals across Latin America. The company was established by co-founders Esteban Villegas, who serves as CEO, and Julián Delgado, who serves as CTO. Zulu operates as a paytech platform that facilitates international payments to more than 55 countries, targeting small and medium-sized enterprises engaged in import and export operations. Initially launched as a business-to-consumer venture, Zulu quickly pivoted to a business-to-business model to better serve companies requiring global payment capabilities. The platform enables businesses to pay international suppliers, receive payments from overseas clients, manage global payroll for contractors, conduct intercompany transfers between entities in different countries, and process bulk transfers through flat file functionality. Zulu works as a payment aggregator rather than a regulated financial entity or foreign exchange intermediary, partnering with authorized financial institutions to process transactions. The company has processed over 110 million dollars for more than 400 client companies since its inception. Zulu raised a 5 million dollar seed funding round in November 2022, led by Cadenza Ventures with participation from investors including Nexo Ventures, Simplex, CMT Digital, and Gaingels. The company operates in Colombia, Peru, Mexico, and the United States. Zulu is a member of Colombia Fintech, Fedesoft, and Uniandinos, organizations that promote business development and technological innovation in Colombia. Villegas also serves on the board of Colombia Fintech. The company is headquartered in Bogotá, Colombia, and operates under the legal entity Zulu Tech S.A.S.