AAvance
AAvance is a Colombian fintech that operates regulated digital wallet, mass disbursement, and white-label infrastructure for NGOs, humanitarian agencies, and government entities serving migrants, returnees, and unbanked populations across Latin America.
- Company typePrivate
- Founded2020
- HeadquartersBogotá, Colombia
- Headcount1–10
- GTM typeB2B and B2C
- OfferingSoftware
What AAvance does
AAvance S.A.S. (NIT 901.379.190-7) is a Colombian fintech that operates financial inclusion infrastructure for populations the traditional banking system does not reach. The company was founded on direct observation at the Colombia-Venezuela border and is headquartered in Bogotá (Calle 93 # 13-24, Edificio QBO), with additional offices in Cajicá and Cúcuta. AAvance serves two principal customer layers: institutional buyers that need to channel resources to vulnerable populations—international organizations, NGOs, humanitarian agencies, and government entities—and end beneficiaries including migrants, returnees, unbanked individuals, and informal entrepreneurs, with the Cúcuta Mi Plante municipal program scaled to over 750,000 inhabitants.
The technology stack is a regulated payment and disbursement platform built around a digital wallet issued with Visa debit cards (AAvance as authorized Visa issuer), deposit accounts backed by the regulated banking ally Banco Cooperativo Coopcentral under SFC supervision, and a modular product suite covering AAvanceDisCash for mass disbursements to NGOs and government, AAvanceForeCash for anticipatory humanitarian action linking climate forecasts and vulnerability data, Visa Direct / Alias Directory for frictionless cross-border transfers, AAvanceGLAC for community savings groups, ENKO for financial education with gamification, AAvancePay as a multi-rail payment gateway (Bre-B, PSE, cards, wallets), and AAvanceLabs for white-label and API-based customization on the regulated infrastructure. PCI DSS, SARLAFT, and Colombian personal data protection are positioned as design-time foundations, with 0.9% infrastructure availability and sub-24-hour end-to-end disbursement as advertised SLAs.
The business model is transaction-fee-driven across most streams (bulk humanitarian disbursements, wallet and card operations, payment gateway, remittances including Venezuela recargas, and three segmented credit lines), supplemented by professional services revenue from AAvanceLabs white-label development and recurring subscription revenue from ENKO financial education. Go-to-market combines consultative enterprise sales to NGOs and government entities (with public procurement engagement, as evidenced by the Cúcuta Secretaría del Banco del Progreso engagement), API-first integration with banking and payment networks (Visa, Bre-B, PSE), and direct-to-consumer distribution through the Mi Plante mobile app on iOS and Android, with 58+ active institutional clients and 58+ projects delivered to date.
AAvance firmographics
Firmographics- Name
- AAvance
- Legal name
- AAVANCE S.A.S.
- Website
- https://aavance.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- AAvance is a Colombian fintech that operates regulated digital wallet, mass disbursement, and white-label infrastructure for NGOs, humanitarian agencies, and government entities serving migrants, returnees, and unbanked populations across Latin America.
- Ownership category
- akta.pro rank
AAvance industry classification
Industry- Product category
- Financial Inclusion Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Other Nondepository Credit Intermediation (52229), Depository Credit Intermediation (5221)
- SIC
- Personal Credit Institutions (6141), Miscellaneous Business Credit Institution (6159), Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- Financial Inclusion & Consumer Empowerment (Banking Access, Credit Building) (BPAGALAJ)
- akta.pro secondary industries
- Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), BaaS Platforms & Sponsor Bank Enablement (FSAGALAA), Payment Gateways & Orchestration (BPAMAFAA), Cross-Border Payouts & Mass Disbursements (Pay-outs) (FSAMAIAJ), Lending & Credit Disbursements (FSAMAKAH), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)
Keywords
Where AAvance is headquartered
LocationHeadquarters
- HQ city
- Bogotá
- HQ country
- Colombia
- HQ region
- Latin America
Offices3 records
Markets served
AAvance business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Humanitarian and Institutional Disbursements: Fees charged to NGOs, international cooperation, and government entities for bulk disbursement services through AAvanceDisCash portal. Revenue derived from transaction volume of cash transfers to beneficiary populations.
- Digital Wallet and Payment Services: Revenue from digital wallet operations, payment gateway transactions (AAvancePay), and card transactions. Includes fees for cash-in via Bre-B and PSE, QR payments, and ATM/merchant withdrawals.
- Cross-border Remittances: Fees from international money transfers including free international wire reception and recargas (mobile top-ups) to Venezuela for migrant and border populations.
- White-label and Custom Development: AAvanceLabs develops custom fintech solutions on regulated infrastructure for institutional clients. Revenue from API integrations, white-label wallets, co-branded products, and personalized payment flows.
- Credit Products: Three segmented credit lines offered to entrepreneurs (AAvance, Quipu, and Muii brands) ranging from $100,000 to $10,000,000, operated through the Mi Plante program.
- Financial Education Services: ENKO financial education ecosystem with courses, interactive content, and gamification for migrants, youth, and unbanked populations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Credit line products for entrepreneurs: Three segmented credit lines ranging from $100,000 to $10,000,000 |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels6 records
AAvance product offering
Product offeringCore offering
AAvance operates a regulated financial-inclusion infrastructure that enables NGOs, humanitarian agencies, international cooperation organizations, and government entities to disburse funds, accept payments, and deliver financial services to migrants, returnees, unbanked populations, and informal entrepreneurs. The platform combines a digital wallet with Visa debit cards, a mass-disbursement portal (AAvanceDisCash), an anticipatory-action portal (AAvanceForeCash), a community-savings module (AAvanceGLAC), a payment gateway (AAvancePay), a financial-education ecosystem (ENKO), and a white-label API development service (AAvanceLabs) on PCI-DSS- and SARLAFT-compliant banking infrastructure anchored by Banco Cooperativo Coopcentral.
Product overview
AAvance is a modular financial inclusion platform built around a digital wallet ecosystem with Visa debit card integration. The core products include AAvanceForeCash (anticipatory humanitarian disbursements), the digital wallet with Visa debit, Visa Direct cross-border transfers, AAvanceGLAC (community savings management), a financial education platform, AAvancePay (payment gateway), AAvanceDisCash (mass disbursement portal), and AAvanceLabs (white-label/custom development API layer). Products share a common regulated infrastructure with PCI DSS compliance, SARLAFT anti-money laundering controls, and end-to-end traceability. The platform targets NGOs, humanitarian agencies, governments, migrants, returnees, and unbanked communities across Latin America, with case studies showing integration of wallet, credit, and education services into unified programs.
Differentiator
Problem solved
Functional benefit
Brands
- AAvanceForeCash: Anticipatory action portal for delivering cash before disasters, combining climate forecasts, vulnerability data, and humanitarian disbursement in a single flow.
- AAvanceGLAC
- AAvanceDisCash
- AAvanceLabs
- AAvancePay
- Mi Plante
Products and services
- AAvanceForeCash Anticipatory-action portal that delivers cash assistance before disasters occur by combining climate forecasts, vulnerability data, and humanitarian disbursement in a single traceable workflow with approval processes; targeted at NGOs and international cooperation programs.
- AAvance Digital Wallet with Visa Debit Card Digital wallet paired with an AAvance-issued Visa debit card that enables immediate acceptance for people without financial history; features no management fees, cash-in via Bre-B and PSE, QR payments, and withdrawals at ATMs and partner merchants. Targeted at unbanked individuals, migrants, returnees, and informal entrepreneurs.
- Visa Alias Directory / Visa Direct Cross-Border Disbursements Cross-border disbursement service that uses Visa Alias Directory and Visa Direct to enable frictionless international transfers using only a phone number or email, eliminating the need for IBAN or banking details; offered to NGOs, institutions, and end users sending or receiving remittances.
- AAvanceGLAC Digital management platform for community savings and credit groups based on the GLAC methodology, integrated into AAvance's ecosystem to strengthen local financial resilience; targeted at community groups and humanitarian/cooperation programs supporting grassroots financial resilience.
- ENKO Financial Education Platform Financial-education ecosystem offering courses, interactive content, and gamification designed to accompany migrants, youth, and unbanked populations on their journey toward savings, healthy credit, and financial inclusion.
- AAvancePay Payment Gateway Payment-acceptance gateway enabling immediate payment acceptance for NGOs, merchants, and platforms through multiple payment methods (Bre-B, PSE, cards, wallets), with agile onboarding, automatic reconciliation, and an experience optimized for people without financial history.
- AAvanceDisCash Mass Disbursement Portal Mass-disbursement portal for NGOs, international cooperation agencies, and government entities to execute bulk disbursements with instant beneficiary onboarding, multiple payment channels (Bre-B, ACH, card), end-to-end traceability, automatic reconciliation, and audit-ready reporting.
- AAvanceLabs White-Label and Custom Fintech Development Custom fintech development service on AAvance's regulated infrastructure, providing API integrations, white-label wallets, co-branded products, identity modules, and personalized payment flows to accelerate time-to-market for institutional clients' financial products.
- Mi Plante App and Municipal Program Mobile application (iOS and Android) and municipal entrepreneurship program implemented with the Alcaldía de Cúcuta, providing a low-balance deposit account with Visa card, three segmented credit lines (AAvance, Quipu, Muii) ranging from $100,000 to $10,000,000 COP, ENKO financial-education integration, international wire reception, Venezuela mobile top-ups, and self-managed certifications and statements; designed to deliver financial inclusion to +750,000 entrepreneurs in Cúcuta and its metropolitan area.
Quantifiable outcome
- 58+ active clients and 58+ projects delivered
- +4 more outcomes
Companies that use AAvance
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles5 records
AAvance technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature8 records
AAvance partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and flagship.
- VisacoreAuthorized Visa issuer for debit and prepaid cards. AAvance issues Visa cards enabling acceptance at millions of merchants globally and cash withdrawals at ATMs and partner locations. Also utilizes Visa Alias Directory and Visa Direct for cross-border disbursements using phone numbers or emails.
- WFP Innovation AcceleratorflagshipWorld Food Programme Innovation Accelerator selected AAvance into their Cohort Sprint Portfolio 2026. The accelerator supports innovative humanitarian and development solutions, providing mentorship, resources, and network access to scale financial inclusion in crisis contexts.
- Banco Cooperativo CoopcentralcoreRegulated banking ally supervised by SFC (Superintendencia Financiera de Colombia). Provides deposit accounts under Colombian low-value deposit framework, enabling AAvance to offer regulated financial services to unbanked populations through the Mi Plante program and other institutional clients.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
AAvance competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
AAvance social profiles
Digital presenceAAvance compliance and trust
Trust signalCompliance3 records
AAvance financial estimates
Financial estimateRevenue estimate
Valuation estimate
AAvance leadership team
Management profileNumber of profiles
AAvance funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AAvance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AAvance
What does AAvance do?
AAvance operates a regulated financial-inclusion infrastructure that enables NGOs, humanitarian agencies, international cooperation organizations, and government entities to disburse funds, accept payments, and deliver financial services to migrants, returnees, unbanked populations, and informal entrepreneurs. The platform combines a digital wallet with Visa debit cards, a mass-disbursement portal (AAvanceDisCash), an anticipatory-action portal (AAvanceForeCash), a community-savings module (AAvanceGLAC), a payment gateway (AAvancePay), a financial-education ecosystem (ENKO), and a white-label API development service (AAvanceLabs) on PCI-DSS- and SARLAFT-compliant banking infrastructure anchored by Banco Cooperativo Coopcentral.
Is AAvance a public or private company?
AAvance is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was AAvance founded?
AAvance was founded in 2020. It employs 1 to 10 people.
Where is AAvance based?
AAvance is headquartered in Bogotá, Colombia, in the Latin America region.
How does AAvance make money?
Six revenue lines are on record. Humanitarian and Institutional Disbursements are the primary driver. The others are digital Wallet and Payment Services, cross-border Remittances, white-label and Custom Development, credit Products and financial Education Services.
Does AAvance have an API?
Yes. AAvanceLabs provides custom fintech developments on their regulated infrastructure, including API integrations, white-label wallets, shared-brand products, identity modules, and personalized payment flows. The platform is designed to shorten time-to-market for financial products. No public API documentation or developer portal was identified.
What industry is AAvance in?
AAvance's product category is Financial Inclusion Infrastructure. Its primary akta.pro industry code is BPAGALAJ, Financial Inclusion & Consumer Empowerment (Banking Access, Credit Building), with a secondary code of FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets). Its NAICS code is 522320 and its SIC code is 6141.